Material Fact

São Paulo, October 11, 2016 - BR Insurance Corretora de Seguros S.A. ('Company' or 'BR Insurance'), informs its shareholders and the market that have received a new proposal for the sale of its participation in Previsão Empreendimentos e Corretagem de Seguros Ltda. ('Previsão'). BR Insurance currently has 51% of the total shares of this brokerage firm.

By analyzing the proposal, the Board of Directors decided to accept it, based on the same reasons disclosed in the Material Fact of May 17, 2016, in line with the strategy already presented of changing the Company into a single and integrated brokerage firm.

Thus, BR Insurance sold the 51,000 shares, representing 51% (fifty one percent) of total capital of Previsão in the forms and conditions of the Purchase and Sale of Shares signed by the parties in 10.11.2016.

BR Insurance received R$5,000,000.00 (five million Reais) for this transaction.

Investor Relations is available to answer any doubts regarding the subject and may be contacted through the e-mail: ri@brinsurance.com.br.

Click here for the full Material Fact.

Investor Relations
Tel.: +55 11 3175-2900
E-mail: ir@brinsurance.com.br

Brasil Insurance Participações e Administração SA published this content on 11 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 October 2016 18:04:10 UTC.

Original documenthttp://ri.brasilinsurance.com.br/brasilinsurance/web/conteudo_en.asp?idioma=1&tipo=34876&conta=44&id=233235

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