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Material Fact - Conclusion of Sale of Portonave, Receipt of Sale Proceeds and Settlement of the First Issue of Debentures of Vênus

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MATERIAL FACT

CONCLUSION OF SALE OF PORTONAVE, RECEIPT OF SALE PROCEEDS AND SETTLEMENT OF THE FIRST ISSUE OF DEBENTURES OF VÊNUS

São Paulo, October 27, 2017 - TPI - Triunfo Participações e Investimentos S.A. (“Company”) (B3: TPIS3), complementing the Material Fact notice of June 19, 2017 and the notices to the market of August 15, 2017 and September 11, 2017, hereby announces to its shareholders and the market that, with all the conditions precedent established in the Share Purchase Agreement between the Company and Terminal Investment Limited S.A.R.L. (“TIL”) having been met, it concluded the sale of 100% of its interest in the subsidiary Portonave S.A. – Terminais Portuários de Navegantes (“Portonave”).

Yesterday, TIL, through a subsidiary, paid one billion, three hundred million reais (R$1.3 billion) relating to the installment for finalizing the acquisition of the Company’s interest. The total value of the transaction remains subject to future adjustments typical of transactions of this nature. 

Furthermore, continuing the Material Fact notice of November 23, 2016, the Company informs that it has redeemed all the debentures of the 1st Series of the First Issue of Convertible Debentures issued by its subsidiary Vênus Participações e Investimentos S.A. The shares of Portonave and the receivables from its sale had been given as guarantee for said debentures through a fiduciary sale. The total amount paid for the redemption was seven hundred sixty million, seven hundred fifty thousand, four seven hundred and sixty-two million, eighty-nine thousand, four hundred and sixty-seven reais and eighteen centavos (R$762.089.467,18).

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27 October 2017