M&A, Corporate and Financial News

US Justice and SEC Monitor Braskem

DOJ and SEC confirmed the conclusion of the independent compliance monitorship at Braskem.

Braskem S.A. in compliance with CVM Instruction 358/02 and in connection with the Material Fact notice disclosed on March 11, 2020 on the conclusion of the independent monitoring by Brazil’s Federal Prosecution Office (MPF), hereby informs its shareholders and the market that on this date the US Department of Justice (DoJ) and the Securities and Exchange Commission (SEC) confirmed the conclusion of the independent compliance monitorship at Braskem, which was established in the agreements signed by Braskem, the DoJ and the SEC on December 21, 2016 (“Agreements”).

The decision of the DoJ and the SEC was based on a final report from the independent monitors, who certified that the Company implemented all the recommendations regarding the structure and execution of its compliance program and concluded that the Company meets the standards set out in the DoJ Plea agreement and the SEC consent.

With the end of the independent monitoring period and the certification by the MPF, the DoJ and the SEC, the Company has complied with its obligations established in the agreements signed with these authorities and has successfully concluded the three-year term under the Agreements.

Plastic News – 29 May

Finally, Braskem reinforces its continuing commitment to work with ethics, integrity and transparency in all of its actions, and to enhance its general compliance and governance practices.

REFS

Material fact – DOJ and SEC confirmed the conclusion of the independent compliance monitorship at Braskem

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