Itaitinga Participações S.A. announced a private placement of 33,333 registered common shares and 66,667 class B registered preferred shares at BRL 1 per share for aggregate gross proceeds of BRL 100,000 on September 8, 2015. After the completion of the transaction, the share capital of the company will increase from BRL 632,385.40 to BRL 732,385.40. The new share capital will consist of 305,047 common shares and 610,094 are class B preferred shares.

The transaction will include participation from the existing shareholder mentioned in the subscription report. The transaction has been approved by the shareholders' meeting of the company.