VULCABRAS AZALEIA S.A.

CNPJ/ME nº 50.926.955/0001-42

NIRE 35.300.014.910

MATERIAL FACT

Vulcabras Azaleia S.A. (B3: VULC3) ("Company"), following the material fact published on September 21, 2020, informs its shareholders and the market in general that the General Superintendence of the Brazilian Antitrust Agency (Conselho Administrativo de Defesa Econômica - CADE) approved, without any restrictions, the transaction by which the Company's subsidiaries - Vulcabras Azaleia - CE, Calçados and Artigos Esportivos S.A. and Vulcabras Distribuidora de Artigos Esportivos Ltda, shall undertake the operations of the Mizuno business in Brazil (under the agreements entered into with a Mizuno Kabushiki Kaisha (MIZUNO CORPORATION)), and shall acquire certain assets from Alpargatas S.A., as per the decision (despacho) No. 1550/2020, which was published at the Official Gazette on December 28, 2020. According to the applicable legislation, such approval shall become final in fifteen (15) days counted from the publication date.

The closing of the transaction is also subject to other conditions precedent, as set forth in the transaction documents. The parties involved in the transaction shall take the necessary measures for the fulfillment of such conditions and for the closing.

The Company shall publish in due course a new material fact once the closing occurs.

Jundiaí/SP, December 28, 2020.

______________________________________________

Wagner Dantas da Silva

Investor Relations Officer

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Vulcabras|azaleia SA published this content on 28 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 December 2020 21:28:01 UTC