Kilimanjaro Brasil Partners I B - Fundo de Investimento em Participações Multiestratégia Investimeno no Exterior managed by H.I.G. Capital, LLC signed a share purchase agreement to acquire 96.5% stake in Elekeiroz S.A. (BOVESPA:ELEK4) from Itaúsa - Investimentos Itaú S.A. (BOVESPA:ITSA4) for BRL 28.9 million on April 26, 2018. Kilimanjaro Brasil will acquire 12.3 million common shares and 16.1 million preferred shares, equivalent to 98.2% and 95% of the common and preferred shares, respectively, which represent, jointly, 96.5% of the total capital stock of Elekeiroz. As of closing date of the transaction, ITAÚSA shall receive the amount of BRL 0.95283 per share from the sale of the shares, which shall be subject to adjustments in accordance with variations in working capital and the net debt of Elekeiroz, to be calculated following the closing of the transaction. The sale amount of the shares may be complemented contingent on performance or sale of certain assets pertaining to Elekeiroz, including non-operational real estate properties and certain business units, receipt of certain off balance sheet assets and success in certain legal actions, and the Fund's eventual achievement of a certain minimum internal rate of return. Marcos De Marchi, Elekeiroz's Chief Executive Officer and Elekeiroz's management team, responsible for leading Elekeiroz during the last six years, will remain with Elekeiroz. The closing of the transaction is subject to compliance with the usual conditions precedent for operations of this nature. The Valence Group, LLC acted as financial advisor to Itaúsa.

Kilimanjaro Brasil Partners I B - Fundo de Investimento em Participações Multiestratégia Investimeno no Exterior managed by H.I.G. Capital, LLC completed the acquisition of 96.5% stake in Elekeiroz S.A. (BOVESPA:ELEK4) from Itaúsa - Investimentos Itaú S.A. (BOVESPA:ITSA4) for BRL 29.1 million on June 4, 2018. ITAÚSA shall receive the amount of BRL 0.95871 per share from the sale of the shares, which shall be subject to adjustments in accordance with variations in working capital and the net debt of Elekeiroz.