Yesterday the Brazilian Congress has approved the new Brazilian antitrust law, which will substantially change our merger review procedures and antitrust investigations.

The attached table summarizes the main changes that will be brought by the new Brazilian antitrust law, which will only enter into force six months after its official publication.

Please note that this table is a preliminary document based on the follow up of yesterday?s voting session of the Brazilian Congress. Since voting was quite confusing, and the final text of the new law has not yet been made available, adjustments to the attached document may be required and will be made in due time.

This table is a preliminary document based on the follow up of yesterday?s voting session of the Brazilian Congress. Since voting was quite confusing, and the final text of the new law has not yet been made available, adjustments to the attached document may be required and will be made in due time.