MANAGEMENT'S PROPOSAL FOR SPECIAL SHAREHOLDERS' MEETING TO BE
HELD ON JANUARY 26, 2016

Dear Shareholders,

The Management of Brasil Insurance Participações e Administração S.A. ('Company' or 'Brasil Insurance'), under the provisions in applicable law and Bylaws, and in order to comply with the Company's interests, files its proposal on the following matter to be submitted to your resolution at the Special Shareholders' Meeting to be held on January 26, 2016, at 11:30AM, at the Company's headquarters, at Alameda Santos, No. 1787, 5th floor, Cerqueira César, in the City and State of São Paulo.

Click here to access the Management´s Proposal.

Brasil Insurance Participações e Administração SA issued this content on 2016-01-09 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-11 13:03:14 UTC

Original Document: http://ri.brasilinsurance.com.br/brasilinsurance/web/conteudo_en.asp?idioma=1&tipo=34876&conta=44&id=220513