Information to the Market – Related Parties Transaction
Pursuant to Appendix 30-XXXIII of CVM Rule 480, BB Seguridade Participações S.A. (“BB Seguridade” or “Company”) hereby informs that reached the amount established in that rule to disclose the following Related Parties Transaction:
I) Purpose and the relationship between the parties:
The purpose of the transaction is the management of financial assets from BB Seguridade and its wholly owned subsidiaries by BB Administração de Ativos Distribuidora de Títulos e Valores Mobiliários S.A. – BB DTVM (“Third Party” or “BB DTVM”) which is a wholly owned subsidiary of Banco do Brasil S.A., BB Seguridade’s controlling shareholder.
II) Main terms and conditions:
The commercial conditions for financial investments in funds managed by BB DTVM are those provided by the investment funds’ bylaws and prospectus filed with the Brazilian Securities and Exchange Commission (“CVM”) which rules the relations between the parties.
Any exclusive fund structuring, if applicable, will be object of negotiation between the parties.
III) The Third Party was not involved in BB Seguridade’s decision to proceed the transaction, and did not act as BB Seguridade’s representative in any negotiation.
IV) Selection process of BB DTVM:
It was performed by BB Seguridade a comparative analysis of investment funds managed by asset managers linked to large financial institutions.
In order to pick the investment funds to be compared it was considered the adherence to the Company’s Financial Investment Policy and the funds’ performance considering their risk and return.
According to parameters such as the investment policy, the historical return, the management fees, assets under management and the benchmark adopted, BB DTVM was chosen by BB Seguridade’s Board of Executive Officers due to more favorable conditions among the asset managers in the sample. It is worth noting that BB DTVM’s appointment was approved by its Related Parties Committee.
Thus, on June 15th, 2015 the financial investments in funds managed by BB DTVM amounted to R$64.0 million.
Brasilia DF, June 23rd, 2015.
Werner Romera Süffert