Qualicorp Consultoria e Corretora de Seguros S.A. (BOVESPA:QUAL3) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares representing 3.52% of its share capital. The purpose of the program is to optimize capital allocation and generate value for its shareholders, through an adequate management of the capital structure, application of the company's available resources and the increase in the earnings per share, to provide an alternative distribution mechanism of part of the company's cash generation to the shareholders, and to allow the delivery of shares to the company's managers and employees within the scope of the company's long-term incentive plan. The program will be funded from the available profit and capital reserves. The program will be valid for 18 months, until February 17, 2022. As of August 25, 2020, the company had 283,993,754 shares in issue and 522,883 shares in treasury.