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12/02/2019

Notice to the Market: Acquisition of Stock & Info

We communicate, in compliance with CVM Instruction 358, the indirect acquisition of all quotas of Stock & Info Ltda. (“Stock & Info”), a provider of software for the pension fund segment, with gross revenues of R$ 3.9 million in the last 12 months ended 30 Sep. 2019.

The fixed purchase price will be R$ 5.5 million, comprising a cash installment of R$ 4.5 million paid on this date and a subsequent installment of R$ 1.0 million, to be paid in 5 annual installments from the 1st anniversary of the closing date. The final price may be increased by a variable installment of up to R$ 1.0 million, subject to the achievement of a revenues target by 2020, to be paid in full on the 5th anniversary of the closing date.

The signing of the Share Purchase Agreement was authorized by the Company’s Board of Directors, and the hypotheses covered by Article 256 of Law 6,404/76 were not verified.

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