News

Negotiations with DoJ and SEC

BRASKEM S.A.
CNPJ No. 42.150.391/0001-70
NIRE 29.300.006.939
A Publicly-Held Company
MATERIAL FACT

Braskem S.A. ("Company"), in compliance with the provision of CVM Ruling 358/02, informs its shareholders and the market that, within the process of the independent internal investigation that began in March 2015, it has started discussions with the U.S. Department of Justice - DoJ and the U.S. Securities and Exchange Commission - SEC, that the Company hopes will lead to formal settlement negotiations and the resolution of the allegations of misconduct. In addition to the conversations with DoJ and SEC, the Company intends to start simultaneous discussions in Brazil with the same purpose.  

The discussions are being conducted by the Executive Officers of the Company, and the rules of the bylaws must be observed regarding the resolution on any proposal of settlement which may be negotiated. Moreover, the independent investigators, in cooperation with the competent authorities, shall continue to investigate with the purpose of verifying the accusations of misconduct object of the potential settlement.

The Company believes that any possible settlement with the authorities may result in relevant monetary obligations, in addition to other possible sanctions and/or non-monetary obligations. Due to the nature of this kind of negotiation, it is not possible to estimate its duration or its final result. 

Braskem reaffirms its commitment with the clarification of the facts and will keep the market informed on the relevant developments. 

 

São Paulo, October 3, 2016.
Pedro van Langendonck Teixeira de Freitas
Finance and Investors' Relations Officer
Braskem S.A.