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Material Fact - Stock Buyback Program

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São Paulo, September 18, 2017 TPI - Triunfo Participações e Investimentos S.A. (“Company”) (B3: TPIS3) announces its shareholders and the general market that the Board of Directors, on September 18, 2017, approved the continuity of the Stock Buyback Program for holding in treasury, sale or replacement in the market with the following characteristics: 

  1. Objective of the Buyback Program: to maximize value creation for shareholders, given the discount at which the Company's shares are currently trading on the market.
  2. Free-float: as defined in Article 5 of CVM Instruction 10/80, the free-float currently consists of 72,022,273 common shares. 
  3. Number of shares to be purchased: the Company may purchase up to 4,708,827 common shares, within the limit of 10.0% of its total free-float, as defined in Article 5 of CVM Instruction 10/80. The Board of Executive Officers may decide on the most opportune moment, within the duration of the Repurchase Program, to acquire the shares. 
  4. Deadline for Purchase: the Buyback Program is valid for 18 months as from September 18, 2017.
  5. Authorized Financial Institutions: the financial institution engaged to act as intermediary in the Buyback Program is BTG PACTUAL CTVM S.A., with registered office at Avenida Faria Lima, nº 3477, 11º andar, São Paulo/SP, CEP 04538-133.
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18 September 2017