Braskem Signs Agreement with Novonor to Acquire Debt Claims

In a regulatory filing earlier, Braskem informed its shareholders and the market in general that it received over the weekend correspondences from Novonor S.A - Em Recuperacao Judicial and Shine I Fundo de Investimento em Direitos Creditorios de Responsabilidade Limitada, represented by its manager Vortx Capital Gestora De Recursos Ltda., advised by IG4 Sol. Ltda., informing about the execution of a definitive binding agreement between the FIDC and the creditor banks of NSP Investimentos S.A. and other entities of the group Novonor S.A. - Em Recuperacao Judicial to acquire all the credits held by the aforementioned banks against Novonor guaranteed by, among others, fiduciary assignment constituted on the shares issued by the company held by NSP Inv.; and an exclusivity agreement with an initial term of sixty days between FIDC and Novonor regarding a a potential transaction involving the shares issued by Braskem held by NSP Inv. BofA said in a note to investors that it views the news as positive, as it could help address investors' main concern regarding Braskem's investment thesis, which is the company's short-to-medium-term liquidity.