IOCHPE-MAXION S.A. Public-held Company CNPJ/MF nº 61.156.113/0001-75 NIRE 35.300.014.022 RELEVANT FACT

IOCHPE-MAXION S.A. ("Company"), pursuant to §4th of article 157 of Brazilian Law nº 6,404, dated December 15, 1976, as amended ("Brazilian Corporate Law"), and to the Instruction nº 358/02 of the Comissão de Valores Mobiliários (the "Brazilian Securities Commission" or "CVM"), hereby announces that the Board of Directors of the Company, at a meeting held on this date, approved a Share Repurchase Program ("SR Program") under the following conditions: (1) The SR Program aims at acquiring company-issued shares in light of the long term incentive plan of the Company, which contemplates the payment of a prize, in cash, to certain officers and key employees of the Company, adjusted in accordance with the increase of the Company´s shares' price on the stock exchange, and aims at eliminating or reducing the impact on the Company´s obligations as a result of such increase. (2) The Company may acquire up to 300,000 common shares of its own emission. (3) The Company has: (i) 124,581,912 floating shares and (ii) 386,043 treasury shares. (4) The term of the SR Program will be of 06 (six) months from May 16, 2017 (inclusive) until November 16, 2017. (5) The purchase of the shares will be carried out by the following financial institution: BTG Pactual Corretora de Títulos e Valores Mobiliários S.A., at Avenida Brigadeiro Faria Lima, nº 3.477, 14º floor, São Paulo - SP, Corporate Taxpayer´s ID (CNPJ) 43.815.158/0001-22.

In accordance with item 7.11.1 of Circular Letter CVM / SEP 01/17, Schedule 30-XXXVI to CVM Instruction No. 480/09, further information on the SR Program is available together with the RCA, in the IPE Module of the Empresas.Net System, the category " Administration Meeting", type "Board of Directors", subsection "Act", under "Acquisition of Shares Issued by the Company". The Company's Officers shall determine the date and quantity of shares to be acquired in compliance with the limits and term established in the program and in the applicable regulations. The Company will keep the shares acquired in treasury and may sell them in the stock exchange for the purpose funding the payment of the prize mentioned above.

São Paulo, April 27, 2017. Augusto Ribeiro Junior

Chief Financial and Investor Relations Officer

Iochpe-Maxion SA published this content on 27 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 April 2017 21:54:23 UTC.

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