Braskem S.A. („Braskem“ or „Enterprise“), in accordance with the 358/02 instruction of the CVM and in the context of the communication of 11 March on the facts of the equipment- 2020 after the completion of independent supervision by the Brazilian Federal Prosecutor`s Office (MPF ), the Brazilian Federal Prosecutor`s Office (MPF) informs its shareholders and the market: that the U.S. Department of Justice (DoJ) and the Securities and Exchange Commission (SEC) confirmed that day the completion of the independent compliance review at Braskem, agreements signed by Braskem, doJ and the SEC on December 21, 2016 („agreements“). The DoJ and SEC`s decision was based on a final report by independent observers that the company had implemented all recommendations regarding the structure and implementation of its compliance program and concluded that the company was complying with the standards set out in the DoJ Plea Agreement and the SEC agreement. Odebrecht pleaded guilty to an un-numeral criminal investigation filed today by the Department of Fraud of the Criminal Division and the U.S. Attorney`s Office in U.S. District Court for the Eastern District of New York, and accuses the company of conspiracy to violate the anti-corruption provisions of the Foreign Corrupt Practices Act (FCPA). Odebrecht agreed that the appropriate fine would amount to $4.5 billion, subject to further analysis of the company`s ability to pay all global penalties. In the corresponding proceedings, Odebrecht also settled its accounts with the Ministerio Publico Federal in Brazil and the Federal Prosecutor`s Office in Switzerland. The investigation recently entered its seventh year (globalinvestigationsreview.com/short-cut/2020/march/11#1216131) and resulted in 253 convictions to date, while prosecutors have recovered $800 million in assets. The Brazilian instructor replaced Braskem had initially hired lawyer Isabel Franco in 2017 as a Brazilian cyclist, who was then a partner of Koury Lopes Advogados, but then joined Azevedo Sette Advogados in Sao Paulo. However, the company opted for the activation of a clause in the settlement agreement that allowed it to choose an rm as a monitor, both in Brazil and the United States, in order to improve e-ciency and consistency. Counsel for Braskem In Brazil Sampaio Ferraz Advogados Associates Luis Wielewicki and Rodrigo Maia in Sao Paulo The company has appointed Guy Singer and Billy Jacobson at Orrick Herrington – Sutcliée in New York to American and Brazilian instructors.