Nadir Figueiredo Indústria e Comércio S.A. (BOVESPA:NAFG4) plans to spin-off a stake in Caaci Imobiliaria S.A. on July 12, 2019. The shareholders of Nadir Figueiredo will receive 1 common share of Caaci Imobiliaria for each 1 common and / or preferred share of Nadir Figueiredo held by them on July 31, 2019. This will ensure shareholding in Caaci Imobiliaria's total capital equivalent, as a percentage, to its respective shareholdings in Nadir Figueiredo's total capital. Caaci Imobiliaria's shares will give shareholders, with respect to Caaci Imobiliaria, the same rights as held by Nadir Figueiredo's common shares. The shareholders who did not attend, abstained from voting or voted against the spin-off shall be entitled to withdraw from Caaci Imobiliaria upon receipt of the reimbursement of Caaci Imobiliaria shares owned by them as a result of the proven and uninterrupted ownership of Nadir Figueiredo's shares since July 12, 1919 (inclusive). The period for exercising the right of withdrawal will begin on August 2, 2019 and shall end on August 31, 2019. In case the rights are exercised, the reimbursement amount to be paid by Caaci Imobiliaria will be BRL 9.38. Caaci Imobiliaria common share, which corresponds to the net equity value of this share, calculated based on Nadir Figueiredo's balance sheet as of December 31, 2016, approved at the annual shareholders' meeting held on April 22, 2019, in proportion to the spun-off acquis that was transferred to Caaci Imobiliaria, except for the right to draw up a special balance sheet. The transcation has been approved by the Extraordinary General Meeting of shareholders of Nadir Figueiredo on July 31, 2019.