<SEC-DOCUMENT>0001292814-19-002059.txt : 20190530
<SEC-HEADER>0001292814-19-002059.hdr.sgml : 20190530
<ACCEPTANCE-DATETIME>20190529190035
ACCESSION NUMBER:		0001292814-19-002059
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190630
FILED AS OF DATE:		20190530
DATE AS OF CHANGE:		20190529

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:		19863807

	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>ambevsa20190529_6k5.htm
<DESCRIPTION>AMBEVSA20190529_6K5
<TEXT>

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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>

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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>

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<DIV align=center>

<DIV><FONT color=#000000 size=3 face="Times New Roman"><B>For the month of May, 2019 </B></FONT></DIV>

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

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<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>

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<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>

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<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>

<P></P>

<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>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT><FONT color=black face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" color=black face="times new roman">POLICY ON HIRING SERVICES RELATED OR NOT RELATED TO AUDITING</FONT></B></FONT></FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face=Arial,sans-serif></FONT></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0pt 0pt 0in" align=center><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">SUMMARY</FONT></B></P>

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

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   <A href="#page_2"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%; TEXT-AUTOSPACE: ideograph-numeric" color=#0000ff face="times new roman">1.</FONT></U></A></P></TD>

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   <P style="MARGIN-BOTTOM: 2pt"><U><FONT color=#0000ff size=2>INTRODUCTION</FONT></U></P></TD>

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   <P style="MARGIN-BOTTOM: 2pt"><FONT size=2>2</FONT></P></TD></TR>

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   <P style="MARGIN-BOTTOM: 2pt">
   <A href="#_Toc533408391"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%; TEXT-AUTOSPACE: ideograph-numeric" color=#0000ff face="times new roman">2.</FONT></U></A></P></TD>

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   <P style="MARGIN-BOTTOM: 2pt"><U><FONT color=#0000ff size=2>GENERAL PRINCIPLES</FONT></U></P></TD>

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   <P style="MARGIN-BOTTOM: 2pt"><FONT size=2>2</FONT></P></TD></TR>

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   <P style="MARGIN-BOTTOM: 2pt">
   <A href="#_Toc533408392"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%; TEXT-AUTOSPACE: ideograph-numeric" color=#0000ff face="times new roman">3.</FONT></U></A></P></TD>

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   <P style="MARGIN-BOTTOM: 2pt"><U><FONT color=#0000ff size=2>JURISDICTIONS</FONT></U></P></TD>

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   <P style="MARGIN-BOTTOM: 2pt"><FONT size=2>2</FONT></P></TD></TR>

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   <P style="MARGIN-BOTTOM: 2pt">
   <A href="#_Toc533408393"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%; TEXT-AUTOSPACE: ideograph-numeric" color=#0000ff face="times new roman">4.</FONT></U></A></P></TD>

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   <P style="MARGIN-BOTTOM: 2pt"><U><FONT color=#0000ff size=2>UNAUTHORIZED SERVICES</FONT></U></P></TD>

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   <P style="MARGIN-BOTTOM: 2pt"><FONT size=2>4</FONT></P></TD></TR>

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   <A href="#_Toc533408394"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%; TEXT-AUTOSPACE: ideograph-numeric" color=#0000ff face="times new roman">5.</FONT></U></A></P></TD>

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   <P style="MARGIN-BOTTOM: 2pt"><U><FONT color=#0000ff size=2>TERM OF EFFECTIVENESS AND RESPONSIBILITY</FONT></U></P></TD>

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   <P style="MARGIN-BOTTOM: 2pt"><FONT size=2>5</FONT></P></TD></TR>

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   <P style="MARGIN-BOTTOM: 2pt">
   <A href="#page_7"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%; TEXT-AUTOSPACE: ideograph-numeric" color=#0000ff face="times new roman">EXHIBIT I - BASIC LIST</FONT></U></A></P></TD>

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   <P style="MARGIN-BOTTOM: 2pt"><FONT size=2>6</FONT></P></TD></TR></TABLE><FONT lang=EN-US style="FONT-SIZE: 11pt; TEXT-DECORATION: none; LINE-HEIGHT: 150%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></DIV>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT><FONT color=black face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" color=black face="times new roman">POLICY ON HIRING SERVICES RELATED OR NOT RELATED TO AUDITING</FONT></B></FONT></FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face=Arial,sans-serif></FONT></FONT>&nbsp;</P></DIV>

<H2 style="MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-TRANSFORM: uppercase; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">1.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-TRANSFORM: uppercase; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-TRANSFORM: uppercase; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">INTRODUCTION</FONT></B></H2>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 28.35pt; TEXT-INDENT: -28.65pt"><A name="_Toc503186802"></A><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">1.1.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">The purpose of this Policy is to regulate the process of hiring services related or not related to auditing provided by independent auditors </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">engaged by Ambev S.A. (&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Company</FONT></U><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&#8221;) and its Controlled Companies (&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Independent Auditors</FONT></U><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&#8221;).</FONT></P>

<H2 style="MARGIN: 0in 0in 0pt 14.2pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-TRANSFORM: uppercase; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></B>&nbsp;</H2>

<H2 style="MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><A name="_Toc533408391"></A><A name="_Toc503186804"></A><A name="_Toc503188639"></A><A name="_Toc503193190"></A><A name="_Toc503193704"></A><A name="_Toc503205795"></A><A name="_Toc503209440"></A><A name="_Toc503209487"></A><A name="_Toc503209849"></A><B><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-TRANSFORM: uppercase; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-TRANSFORM: uppercase; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-TRANSFORM: uppercase; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">GENERAL PRINCIPLES </FONT></B></H2>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 28.35pt; TEXT-INDENT: -28.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2.1.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">The provisions of this Policy shall be applicable to the Company and to its Controlled Companies, respecting the provisions of their respective bylaws and of the applicable legislation.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 70.9pt; TEXT-INDENT: -42.55pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2.1.1.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">The provisions of section 4 below shall be further applicable to independent auditors hired by Affiliates of the Company, with respecting the provisions of their respective bylaws and of the applicable legislation. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 70.9pt; TEXT-INDENT: -42.55pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2.1.2.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Controlled Company</FONT></U><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&#8221; means, for the purposes of this Policy, any company which has its financials consolidated by the Company according to the international rules of financial disclosure (International Financial Reporting Standards - IFRS).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 70.9pt; TEXT-INDENT: -42.55pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">2.1.3.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Affiliate</FONT></U><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&#8221; means, for the purposes of this Policy, any company that may be categorized as &#8216;affiliate of the audit client&#8217;, as defined in Rule 2-01(f)(4) of Regulation S-X</FONT><I><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"> </FONT></I><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">of the Securities and Exchange Commission</FONT><I><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"> </FONT></I><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">SEC</FONT></U><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&#8221;), such as entities in which the Company exercises significant influence, unless such entity has no material importance for the Company.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

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TEXT-TRANSFORM: uppercase; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-TRANSFORM: uppercase; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-TRANSFORM: none; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">JURISDICTIONS</FONT></B></H2>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 28.35pt; TEXT-INDENT: -28.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3.1.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">The engagement of any services related or not to the auditing provided by the Independent Auditors shall be preceded by favorable statement from the Fiscal Board, respecting the provisions of the applicable legislation and of this Policy.</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 70.9pt; TEXT-INDENT: -42.55pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3.1.1.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">The services listed in </FONT><U><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Exhibit I</FONT></U><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"> of this Policy, jointly with the respective annual limits of fees (&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Basic List</FONT></U><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&#8221;), are deemed &#8220;pre-approved&#8221; by the Board of Directors and for the purposes of the Sarbanes-Oxley Law, SEC rules and other applicable US rules. In any event, the engagement of any services referred to in the Basic List shall be subject to favorable statement from the Fiscal Board.</FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT><FONT color=black face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" color=black face="times new roman">POLICY ON HIRING SERVICES RELATED OR NOT RELATED TO AUDITING</FONT></B></FONT></FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face=Arial,sans-serif></FONT></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 70.9pt; TEXT-INDENT: -42.55pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3.1.2.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">The Fiscal Board may recommend to the Board of Directors the changes deemed relevant to be made on the Basic List, including in relation to adding new types of services or updating the amounts provided in such list.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 70.9pt; TEXT-INDENT: -42.55pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3.1.3.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Any change to the </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Basic List, </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">including in relation to adding new types of services or updating the amounts provided on such list,</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> shall be subject to approval by the Board of Directors</FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 70.9pt; TEXT-INDENT: -42.55pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3.1.4.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Quarterly, the Fiscal Board may request from the Financial Executive Board of the Company a summary report on the progress of the provision of pre-approved services and the corresponding authorized and billed fees.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%" color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 28.35pt; TEXT-INDENT: -28.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3.2.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">The Chief Financial Officer shall: (i) submit to the </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Fiscal Board</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> the engagements of </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">any services related or not to&nbsp; auditing conducted by the Independent Auditors</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">; (ii) follow-up the services hired from the Independent Auditors; (iii) maintain the </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Fiscal Board</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> informed of each one of the services provided by the Independent Auditors; and (iv) promote the implementation of this rule in the Controlled Companies of the Company.</FONT></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 70.9pt; TEXT-INDENT: -42.55pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3.2.1.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Any requests for services to be provided by the Independent Auditors shall be submitted to the Chief Financial Officer and shall include a detailed description of the respective services, as well as the fees to be paid (or the form of payment to be determined). The Chief Financial Officer shall verify whether such services are included in the Basic List and whether they satisfy the amount limits established therein. In the event of doubt in relation to including or not the services in a certain category of the Basic List, the Chief Financial Officer shall submit such issue to the Fiscal Board.</FONT></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 70.9pt; TEXT-INDENT: -42.55pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-TRANSFORM: uppercase; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">3.2.2.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-TRANSFORM: uppercase; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Requests for services not contemplated on the Basic List, as well as services contemplated on the Basic List exceeding the limits provided therein, shall be submitted to the Fiscal Board. Subsequently, the Fiscal Board shall forward recommendation for subsequent appreciation and approval by the Board of Directors in relation to such services.<A name="_Toc523902642"></A></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 0.5in"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-TRANSFORM: uppercase; LINE-HEIGHT: 150%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 28.35pt; TEXT-INDENT: -28.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">3.3.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">The Fiscal Board shall monitor the effectiveness of the work of the Independent Auditors, as well as their independence, and assess and discuss the annual working plan of the Independent Auditors and forward it for appreciation by the Board of Directors.</FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT><FONT color=black face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" color=black face="times new roman">POLICY ON HIRING SERVICES RELATED OR NOT RELATED TO AUDITING</FONT></B></FONT></FONT></B></P></TD></TR></TABLE></DIV>

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<H2 style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><A name="_Toc533408393"></A><B><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-TRANSFORM: uppercase; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">4.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-TRANSFORM: uppercase; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-TRANSFORM: none; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">UNAUTHORIZED SERVICES </FONT></B></H2>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 28.35pt; TEXT-INDENT: -28.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">4.1.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">The Company and its Controlled Companies may not hire Independent Auditors or independent auditors of Affiliates to provide extra-audit services that may jeopardize the independence of the Independent Auditors, in particular, any of the services listed below:</FONT></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(a)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">any accounting registration (bookkeeping) service or another service related to the accounting records or financial statements of the Company; </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(b)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">prepare and implement computerized financial information systems;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(c)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">provide services of appraisal or reappraisal of assets or companies (valuation services and appraisal</FONT><I><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">)</FONT></I><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">, including events of capital contribution with goods, and issue fairness opinions; </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(d)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">provide actuarial services, with exception of assistance to understand methods, models, premises and information used to calculate certain amount; </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(e)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">outsource internal auditing services, including services related to accounting controls, computerized financial information systems or financial statements;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(f)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">act, on a temporary or permanent basis, as administrator or employee, or perform any executive, supervision or monitoring function;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(g)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">provide any service related to recruitment of administrators or managers, and the Independent Auditors may, upon request by the Company, interview certain candidates to determine their ability for functions related to the accounting, administrative or controlling areas;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(h)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">provide brokerage services, investments&#8217; administration services, assistance in investments&#8217; administration, placement of securities in the market and custody services, as well as any other typical services of investment banks or securities brokers;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(i)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">provide legal counseling services;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(j)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">provide technical assistance or expert services in administrative or judicial proceedings, investigations and regulatory proceedings, and such prohibition does </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">not hinder the Independent Auditors from providing information in administrative or judicial proceedings regarding works performed throughout the auditing; </FONT></P></DIV>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT><FONT color=black face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" color=black face="times new roman">POLICY ON HIRING SERVICES RELATED OR NOT RELATED TO AUDITING</FONT></B></FONT></FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; LINE-HEIGHT: 150%" face=Arial,sans-serif></FONT></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(k)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">determine amounts for purposes of constituting provisions or technical reserves and provisions for contingencies;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(l)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">tax planning;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(m)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">remodel the accounting, information and internal control systems; </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(n)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">any other service that may, at the discretion of the Board of Directors, affect the independence of the Independent Auditors in the sense of providing that the Board of Directors conclude the Independent Auditors would not be capable of exercising a fair and objective judgment in relation to issues related to their functions; and</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">(o)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">any other services not listed above that are or that may be prohibited by applicable regulations related to the independence of auditors.</FONT></P>

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

<H2 style="MARGIN: 0in 0in 0pt 28.35pt; TEXT-INDENT: -28.35pt"><A name="_Toc533408394"></A><A name="_Toc523952346"></A><A name="_Toc523902866"></A><A name="_Toc523902644"></A><B><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-TRANSFORM: uppercase; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-TRANSFORM: uppercase; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-TRANSFORM: uppercase; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">TERM OF EFFECTIVENESS AND <A name="_Toc273447781"></A><A name="_Toc523844080"></A><A name="_Toc523844081"></A><A name="_Toc523844082"></A><A name="_Toc523844083"></A><A name="_Toc523844084"></A><A name="_Toc523844085"></A><A name="_Toc523844086"></A><A name="_Toc523844087"></A><A name="_Toc523844088"></A><A name="_Toc523844089"></A><A name="_Toc523844090"></A><A name="_Toc523844091"></A><A name="_Toc523844092"></A><A name="_Toc523844093"></A><A name="_Toc523844094"></A>RESPONSIBILITY</FONT></B></H2>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 28.7pt; TEXT-INDENT: -28.7pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5.1.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">This Policy shall become effective on the date of its approval by the Board of Directors of the Company and may solely be amended upon resolution and approval by the Board of Directors.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 28.7pt; TEXT-INDENT: -28.7pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 70.9pt; TEXT-INDENT: -42.55pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5.1.1.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">The Board of Directors may, whenever deemed necessary , review and approve the amendment to this Policy, considering, as the case may be, the statements from the Fiscal Board and amendments to the by-laws, legislations or regulations to which the Company is subject. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 28.7pt; TEXT-INDENT: -28.7pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 28.7pt; TEXT-INDENT: -28.7pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5.2.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Any omissions in this Policy shall be resolved by the Board of Directors.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 28.7pt; TEXT-INDENT: -28.7pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 28.7pt; TEXT-INDENT: -28.7pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">5.3.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Subsequently to the approval by the Board of Directors, this Policy shall be internally disclosed by the Company and by its Subsidiaries to those responsible for its implementation and one copy hereof shall be filed with the Legal Executive Board of the Company.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 28.7pt; TEXT-INDENT: -28.7pt">&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0in 28.7pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">***</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: normal; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT><FONT color=black face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" color=black face="times new roman">POLICY ON HIRING SERVICES RELATED OR NOT RELATED TO AUDITING</FONT></B></FONT></FONT></B></P></TD></TR></TABLE></DIV>

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<H2 style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 28.35pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-TRANSFORM: uppercase; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">EXHIBIT I</FONT></B></H2>

<H2 style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 28.35pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-TRANSFORM: uppercase; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></B>&nbsp;</H2>

<H2 style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 28.35pt" align=center><A name="_Toc533408397"></A><B><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-TRANSFORM: uppercase; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">BASIC LIST</FONT></B></H2>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Pre-approved services to be provided by Independent Auditors indicated below. In any event, the sum of the amounts of all engagements entered into according to this Basic List (including auditing and tax services) may not exceed twenty percent (20%) of the total fees to audit the financial statements of the Company and its Controlled Companies in certain financial year.</FONT></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><U><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">I - Pre-approved Audit Services </FONT></U></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT>&nbsp;</P>

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   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="65%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Service</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Maximum Amount per Agreement May Not Exceed the Limits Below:</FONT></B></P></TD></TR>

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   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="65%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Statutory audits or financial audits for Controlled Companies or Affiliates of the Company (per company).</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="35%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">R$300,000</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="65%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Services related to registrations before the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Comiss&#227;o de Valores Mobili&#225;rios </FONT></I><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">(&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">CVM</FONT></U><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">&#8221;) and/or SEC of periodical reports and other documents presented to such bodies, as well as other documents issued in relation to the offering of securities (</FONT><I><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">e.g.</FONT></I><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">, comfort letters, consents etc.) and assistance in replies to communications issued by CVM and/or SEC.</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="35%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">R$200,000</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="65%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Inquiries by the Company&#8217;s administration on accounting treatments or disclosure of operations or events and study of impact of regulations of CVM, SEC, Financial Accounting Standards Board - FASB or other governmental bodies and/or regulatory agencies, except if related to the annual auditing.</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="35%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">R$100,000</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="65%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Reviews of financial statements for restructuring, merger and acquisition operations, in addition to auditing services (due diligence) related to restructuring, merger and acquisition operations.</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="35%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">R$200,000</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="65%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Audit of financial statements of private pension plans of employees, with exception of actuarial services.</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="35%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">R$100,000</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="65%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Reviews of internal controls on financial activities and presentation of compulsory information (reporting requirements).</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="35%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">R$100,000</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="65%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Assistance in accounting and financial issues, including clarifications and replies to CVM, SEC and other national and international regulatory bodies.</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="35%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">R$100,000</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="65%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Certification and letters of review (agreed upon procedures</FONT><I><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">) </FONT></I><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">related to financial data, as requested by third parties, as well as consumers, subscribers, counterparties or governmental bodies / regulatory agencies.</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="35%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">R$100,000</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="65%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Audit of financial statements&#8217; closing related to restructuring, merger and acquisition operations.</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="35%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">R$100,000</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="65%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Review of efficacy of the internal auditing functions upon request by third parties.</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="35%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">R$100,000</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="65%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Inquiries related to the form of accounting on private pension plans of employees.</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="35%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">R$100,000</FONT></P></TD></TR></TABLE></DIV>

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   <P style="TEXT-ALIGN: left; MARGIN: 3pt 0in 0pt" align=left><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%" face="times new roman"></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 28.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.55pt; PADDING-RIGHT: 3.55pt" width="35%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%" face="times new roman">PAGE:&nbsp;</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%" face="times new roman"></FONT></FONT><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%" face="times new roman"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">7</FONT></FONT><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 150%" face="times new roman"> / 7</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT><FONT color=black face="times new roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 115%" color=black face="times new roman">POLICY ON HIRING SERVICES RELATED OR NOT RELATED TO AUDITING</FONT></B></FONT></FONT></B></P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt 14.15pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt"><B><U><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">II -</FONT></U></B><U><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman"> </FONT></U><B><U><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">Pre-Approved Tax Services </FONT></U></B></P>

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   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="65%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Service</FONT></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="35%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 115%" align=center><B><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Maximum Amount per Agreement May Not Exceed the Limits Below:</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 12pt; VERTICAL-ALIGN: super; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman"></FONT></B></P></TD></TR>

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   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="65%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Assistance in preparing and reviewing (i) income tax returns; (ii) returns and payment of other applicable taxes; and (iii) tax audit procedures conducted by governmental bodies / regulatory agencies.</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="35%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">R$100,000</FONT></P></TD></TR>

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   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" vAlign=top width="65%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">Consulting, preparation, submission and follow-up of documents necessary to obtain tax incentives.</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="35%">

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=windowtext face="times new roman">R$200,000</FONT></P></TD></TR></TABLE></DIV>

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

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt; LINE-HEIGHT: 115%; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">***</FONT></P></DIV>

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<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 29, 2019</FONT></FONT></DIV>

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   <TD vAlign=middle width="49%"><FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 8pt; DISPLAY: inline">&nbsp; </FONT></TD>

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   <TD vAlign=middle width="49%"><FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 8pt; DISPLAY: inline">&nbsp; </FONT></TD>

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   <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>

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   <TD vAlign=middle width="49%"><FONT style="FONT-FAMILY: 'Times New Roman; FONT-SIZE: 8pt; DISPLAY: inline">&nbsp; </FONT></TD>

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   <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">Fernando Mommensohn Tennenbaum</FONT></FONT></FONT></DIV></TD></TR>

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   <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">Fernando Mommensohn Tennenbaum</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>

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