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Material Fact - Land Acquisition - Santa Cruz

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MATERIAL FACT

LAND ACQUISITION - SANTA CRUZ

São Paulo, December 18, 2018 - TPI - Triunfo Participações e Investimentos S.A. (“Company” or “Triunfo”) (B3: TPIS3), in accordance with CVM Instruction 358/02, as amended, complementing the Material Fact notice of September 12, 2013, hereby announces to the market and its shareholders that its subsidiary Santa Cruz Participações e Investimentos S.A. (“Santa Cruz”) concluded the acquisition of an area totaling 144,038 square meters, located in Santos, São Paulo, thereby expanding the area owned by Santa Cruz to 329,920 square meters.

The transaction amount is R$28.5 million and may reach R$38.0 million, of which:

  • R$4.0 million is paid immediately;
  • R$15.0 million will be paid in 10 annual installments, the first of which due in December 2019;
  • R$9.5 million in the 6th year or R$19.0 million if all contractual milestones are achieved within 5 years.

The area should be used for the port terminal project, resuming Triunfo’s investments in this segment, but maintaining its commitment to preserve cash, especially in the short term.

Click here for the PDF file.

18 December 2018