PBR » Topics » V - RESERVE FOR LAWSUITS

This excerpt taken from the PBR 6-K filed Apr 15, 2009.

V – RESERVE FOR LAWSUITS

In view of the existence of a lawsuit in which the minority shareholder Petroplastic Indústria de Artefatos Plásticos Ltda. (“Petroplastic”) claims recognition of the preemptive right for subscription of class “A” preferred shares issued by Triunfo in the capital increases carried out on July 12, 1985, January 9, 1986, August 21, 1986 and December 5, 2006 (Case No. 10500819983), and considering that the calculation of the award issued in the records of such proceeding is under way, Petroquisa will reserve five hundred and seventy-nine thousand and fifty-two (579,052) class “A” preferred shares issued by Braskem, which it will receive as a result of the Merger, and which, according to the Replacement Ratio, correspond to two million seven hundred and fifty-one thousand seven hundred and eighty-five (2,751,785) shares issued by Triunfo, so as to assure compliance with the decision rendered in the above proceeding. The number of Braskem shares to be reserved was defined based on the maximum number of shares that are the subject matter of legal dispute, considering the expert report already produced in the case records of such suit.

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