Material Fact – Buyback Program and Allocation of the Company’s Results

AREZZO INDÚSTRIA E COMÉRCIO S.A. (“Company”), in compliance with the terms of Article 157, Paragraph 4 of Law No. 6,404, dated as December 15th, 1976, as amended (“Brazilian Corporate Law”), and of the Article 2 of CVM Instruction No. 358, dated as  January 3rd, 2002, as amended, hereby informs its shareholders and the market in general that, at a meeting of the Company’s Board of Directors held on this date, it was approved, among other matters, (i) the amendment to the management’s proposal for the allocation of the Company’s results for the fiscal year ended on December 31st, 2019, to propose the retention of part of the net profit for the fiscal year to execute the capital budget, pursuant to Article 196 of Law 6,404/76, replacing the previous proposal of this management included in the Company’s Financial Statements disclosed on March 4th, 2020; and (ii) the application of profits and/or reserves to carry out a new share repurchase program of the Company, to be effective as from April 4th, 2020 (“Repurchase Program”).

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