Braskem S A : New Chief Executive Officer

BRASKEM S.A.
Corporate Taxpayer ID (CNPJ): 42.150.391/0001-70
Company Registry (NIRE): 29.300.006.939
Publicly Held Company

MATERIAL FACT

Braskem S.A. ('Braskem' or 'Company'), in compliance with CVM Instruction 358/02, announces the nomination of its current Chairman of the Board, Roberto Simões, to serve as the new Chief Executive Officer of the Company, effective January 1, 2020. Fernando Musa will continue to serve as CEO, through December 31, 2019, to support the transition.

Under the leadership of its current CEO, Fernando Musa, Braskem has consolidated its position as the world's sixth-largest thermoplastic resin producer, delivered record-high EBITDA of R$12.3 billion in 2017, reinforced its governance and compliance practices in line with best global references and embarked on its digital transformation.

Previously, Roberto Simões served as the CEO of Ocyan Participações S.A. from 2014 to September 2019, of Odebrecht Defesa e Tecnologia from 2010 to 2012, and of Santo Antonio Energia S.A. from 2008 to 2010. At Braskem he served as Executive Vice-President from 2004 to 2008. AT iG-Internet Group he served as COO and CEO from 2000 to 2004. Roberto Simões holds a B.Sc. in Mechanical Engineering from the Federal University of Bahia (UFBA) and has completed the Petrochemical Maintenance & Project Engineering Program (CEMANT) of Petrobras/UFBA.

As the new CEO of Braskem, his priorities will include maintaining the competitiveness of all operations of the Company and continuing to implement the feedstock and geographic diversification strategy.

The nomination of Roberto Simões as CEO will be submitted to Braskem' s Board of Directors for approval. Also, an Extraordinary Shareholders' Meeting will be called to elect a new Chairman of the Board of Directors.

For more information, contact Braskem's Investor Relations Department by calling [phone] or by sending an e-mail to [e-mail].

São Paulo, November 21, 2019

Pedro van Langendonck Teixeira de Freitas
Chief Financial and Investor Relations Officer
Braskem S.A.