News

Braskem announces the conclusion of the independent external monitoring

BRASKEM S.A.
Corporate Taxpayer ID (CNPJ): 42.150.391/0001-70 
Company Registry (NIRE): 29.300.006.939
Publicly-Held Company

MATERIAL FACT

Braskem S.A. ("Braskem" or "Company"), in compliance with CVM Instruction 358/02, hereby announces that the Federal Prosecution Office ("MPF") today announced the conclusion of monitoring at Braskem established in the Leniency Agreement signed by Braskem and MPF on December 14, 2016.  The Federal Prosecution Office's decision was based on a report from the independent monitors, who certified that the Company implemented all the recommendations for structuring and executing its compliance program. 

During the independent monitoring process, the Company implemented controls designed to comply with anti-corruption laws and mechanisms to ensure the adequacy and effectiveness of integrity practices, preventing the occurrence of new wrongdoings and giving utmost priority to ethics and transparency in conducting its business, all of which were evaluated in detail and tested by the monitors.

The certification of effectiveness of Braskem's compliance program by the monitors, certified to the Federal Prosecution Office, is aligned with the Company's commitment to ethics, integrity and transparency in all its actions, streamlining its systems and processes and contributing to improving compliance and governance practices in general.

The Company is awaiting the certification of effectiveness of Braskem's compliance program also from the United States Department of Justice (DoJ) and the Securities and Exchange Commission (SEC).

For more information, contact Braskem's Investor Relations Department by calling +55 (11) 3576-9531 or sending an e-mail to braskem-ri@braskem.com.br.

São Paulo, March 11, 2020.

Pedro van Langendonck Teixeira de Freitas
Chief Financial and Investor Relations Officer
Braskem S.A.