Roberto de Rezende Barbosa completed the acquisition of a further 20.196% stake in Guide Investimentos S.A. Corretora de Valores from Banco Indusval S.A..

Roberto de Rezende Barbosa signed a share purchase agreement to acquire further 20.196% stake in Guide Investimentos S.A. Corretora de Valores from Banco Indusval S.A. (BOVESPA:IDVL4) for BRL 120 million on December 12, 2019. Under the terms of agreement, Roberto de Rezende Barbosa will acquire 95,886 of preferred shares. The acquisition price is subject to any positive adjustments to be determined as a result of certain liquidity events, as well as any negative adjustment of up to BRL 1 million pursuant to the agreement. Before this transaction, Roberto de Rezende Barbosa holds 67% stake in Guide Investimentos. The transaction is subject to the fulfillment of certain conditions set forth in the agreement. The transaction was approved at a meeting of Banco Indusval's Board of Directors, held on December 12, 2019. Roberto de Rezende Barbosa completed the acquisition of a further 20.196% stake in Guide Investimentos S.A. Corretora de Valores from Banco Indusval S.A. (BOVESPA:IDVL4) on December 18, 2019.