Annual Official Letter Of Instructions To Publicly-Held Companies (Ofício-Circular CVM /SEP/No. 02/2015)

The Department of Pubic Company Supervision ("SEP") of the Brazilian Securities Commission ("CVM") enacted on February 26, 2015 the annual offer letter of instructions to publicly-held companies (Ofício-Circular CVM/SEP/No. 20/2015) which refers to the adoption of best practices by such companies.

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