JSL S.A. ('JSL' or 'Company'), (B3:JSLG3), a publicly-held corporation, pursuant to the provisions of CVM Instruction 358 of January 3, 2002 ('ICVM 358'), hereby informs its shareholders and the market in general that, on August 30, 2018, Movida Participações S.A. ('Movida'), a publicly-held company controlled by JSL, signed a nonbinding Letter of Intent ('LOI') with AVIS BUDGET CAR RENTAL, LLC a subsidiary of AVIS BUDGET GROUP ('Avis') for a Strategic Partnership ('Transaction').
The Transaction includes the following items:
Movida becomes the Master Franchisor for Brazil for 10 years and renewable for additional 10 years
Brand Cooperation Agreement in which Movida may add Avis and Budget Brands to its stores in Brazil and Avis may add Movida Logo in the main destiny airports for Brazilians in the world.
Agreement for the referral of inbound and outbound reservations between Movida and Avis
Assets acquisition of approximately 4,400 cars, being 3,500 in Rent a Car (RAC) and 900 in Fleet Management and Outsourcing, with an estimated value of R$150 million. The parties anticipate that the asset acquisition to be settled in one year.
Through the Transaction all Movida clients will be in a position to benefit from being served in more than 180 countries throughout the Avis global network and all Avis customers will be served by Movida in Brazil.
JSL SA published this content on 31 August 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 August 2018 12:51:03 UTC
JSL SA is a Brazil-based company engaged in the logistics sector. The Company provides services through six business lines: Road Cargo Transportation and Dedicated Road Cargo Logistics, involved in the supply chain and management of the information of the logistics chain of the customer; Commodity Logistics, which offers customized solutions for the paper and cellulose, mining and sugar-energy sectors; Internal Logistics, that consist on the internal handling of raw materials, products, inventory management and assembly line supply of the customer; Urban Distribution, which includes supply of points of sale and management of the return of packaging; Warehousing Services, dedicated to the reception, storage and dispatch of goods and inventory management; and Chartering, which provides transportation services for employees of companies that are customers through the other services provided by the Company. The Firm is controlled by Simpar SA.
JSL S.A. 
