Material Fact - REFIS
Pursuant to § 4 of Article 157 of Law 6,404, dated December 15th, 1976, to CVM (Brazilian Securities and Exchange Commission) Regulation 358, dated January 3rd, 2002, BB Seguridade Participações S.A. (“BB Seguridade”) hereby informs the participation of its subsidiary BB Corretora de Seguros e Administradora de Bens (“BB Corretora”) and also the participation of its affiliates Mapfre Vida, a subsidiary of BB Mapfre SH1, and Mapfre Seguros Gerais, a subsidiary of Mapfre BB SH2, in the federal tax settlement “Programa de Recuperação Fiscal” (“REFIS”), according to the Law 12,865, dated October 9th, 2013.
As provided in PGFN/RGB 08/2013, in accordance to art. 92 of the Provisional Measure 627/2013, the payment will be made upfront, which allow reductions of 100% of fines, 100% of isolated fines, 100% of interest on fines, and 100% of statutory fees.
As the outstanding provisions are greater than the amount to be paid, there will be a reversal of provisions and consequently a positive net impact on earnings: Em virtude de o volume de provisionamento ser maior que o valor envolvido para o pagamento da obrigação, haverá reversão de provisões e consequentemente impacto positivo líquido no resultado:
Brasília (DF), December 2 nd, 2013.
||Cash disbursement (R$ million)
||Net impact on earnings (R$ million)
|Mapfre Seguros Gerais
BB Seguridade Participações S.A.
Leonardo Giuberti Mattedi