Slabs Investimentos Ltda, launched a voluntary tender offer to acquire BR Properties S.A. (BOVESPA:BRPR3) from GP Capital Partners VI and Thb Jv S.À R.L. and others for approximately BRL 740 million on January 13, 2023. Under the terms, GPIC LLC will pay BRL 1.60 per share in cash. Transaction is subject to approval of BR Properties shareholders approval. On the same date, the Company also received a notice from the Company?s Controlling Shareholder requesting the Company to call and to hold a shareholders? extraordinary general meeting for the resolution. On January 19th, 2023, an extraordinary general meeting was called to be held on February 9, 2023. After meeting all previous conditions, on April 10, 2023, an auction of the Voluntary Public Offering was held to acquire control over the Company, launched by Slabs Investimentos Ltda, a company of the GPIC group, LLC. As a result, Slabs Investimentos Ltda. acquired 89.74% of the BR Properties S.A. total share capital. shareholders who have not sold their shares at the auction may sell them to Slabs Investimentos Ltda. by May 10, 2023. As on May 10, 2023, additional shares were acquired from shareholders that did not sell their shares at the auction, leading to a total increase in the Company's ownership interest in Slabs Investimentos Ltda. and to hold 11,180,688 common shares, accounting for 96.30% of the Company's total share capital.

Sergio Spinelli, Hiran Pagano of Spinelli Advogados acted as legal advisor to GP Capital Partners VI. Carlos A. Lima, Cauê Myanaki and Giancarlo Matarazzo of Pinheiro Neto Advogados acted as legal advisor to Thb Jv S.À R.L.

Slabs Investimentos Ltda, completed the acquisition of BR Properties S.A. (BOVESPA:BRPR3) from GP Capital Partners VI and Thb Jv S.À R.L. and others on October 19, 2023.