BM&FBOVESPA - Securities, Commodities and Futures Exchange

Companies with Tag Along Rights

Tag along is provided in Brazilian law (Lei das S.A., Article 254-A) and assures that the disposal, direct or not direct, of a company’s control shall be carried out on conditions that the buyer undertakes to tender a public offer for acquisition of all further common shares held by the other shareholders in the company, so that they may be accorded as minimum price 80% of the value paid for the selling controlling shareholder.

Some companies have decided voluntarily to extend tag along rights also to the preferred shareholders, and/or assure to the common shareholders a price above 80%. The table below displays the relation of companies listed in BOVESPA that concede additional tag along rights than the ones foreseen in the law.

Companies Corporate Resolution Event Date Tag Along Voting Shares % Tag Along Non Voting Shares % Listing Segment
ABC BRASIL Bylaws provision since the company has gone public 7/25/07 100 100 Nível 2
ABRIL EDUCA Special Meeting (AGE) 10/23/14 100 - Novo Mercado
ALIANSCE Bylaws provision since the company has gone public 1/29/10 100 - Novo Mercado
ALL AMER LAT Special Meeting (AGE) 11/5/04 100 - Novo Mercado
ALTUS S/A Bylaws provision since the company has gone public 8/28/13 100   BOVESPA MAIS
ALUPAR Bylaws provision since the company has gone public 4/24/13 100 100 Nível 2
ANHANGUERA Bylaws provision since the company has gone public 6/12/10 100 - Standard
ANIMA Bylaws provision since the company has gone public 10/28/13 100 - Novo Mercado
AREZZO CO Bylaws provision since the company has gone public 2/2/11 100 - Novo Mercado
AUTOMETAL Bylaws provision since the company has gone public 7/2/11 100 - Standard
B2W VAREJO Bylaws provision since the company has gone public 8/8/07 100 - Novo Mercado
BANESE Special Meeting (AGE) 4/30/08 100 100 Standard
BANESTES Special Meeting (AGE) 12/27/07 100 100 Standard
BANRISUL Special Meeting (AGE) 4/30/07 100 100 Nível 1
BATTISTELLA Special Meeting (AGE) 12/27/02 80 80 Standard
BB SEGURIDADE Bylaws provision since the company has gone public 4/29/13 100 - Novo Mercado
BCO PAN Bylaws provision since the company has gone public 11/19/07 100 100 Nível 1
BEMATECH Bylaws provision since the company has gone public 4/19/07 100 - Novo Mercado
BHG Bylaws provision since the company has gone public 7/16/07 100 - Novo Mercado
BICBANCO Bylaws provision since the company has gone public 10/15/07 100 100 Nível 1
BIOMM Special Meeting (AGE) 2/1/14 100 - BOVESPA MAIS
BIOSEV Bylaws provision since the company has gone public 4/19/13 100 - Novo Mercado
BMFBOVESPA Bylaws provision since the company has gone public 8/20/08 100 - Novo Mercado
BR BROKERS Bylaws provision since the company has gone public 10/29/07 100 - Novo Mercado
BR INSURANCE Bylaws provision since the company has gone public 1/11/10 100 - Novo Mercado
BR MALLS PAR Bylaws provision since the company has gone public 5/4/07 100 - Novo Mercado
BR PHARMA Bylaws provision since the company has gone public 6/27/11 100 - Novo Mercado
BR PROPERT Bylaws provision since the company has gone public 8/3/10 100 - Novo Mercado
BRADESCO Special Meeting (AGE) 12/17/03 100 80 Nível 1
BRADESPAR Special Meeting (AGE) 9/30/05 100 80 Nível 1
BRASIL Special Meeting (AGE) 7/6/02 100 - Novo Mercado
BRASILAGRO Bylaws provision since the company has gone public 2/5/06 100 - Novo Mercado
BRASKEM Special Meeting (AGE) 8/16/02 100 100 Nível 1
BRF SA  Special Meeting (AGE) 8/3/06 100 - Novo Mercado
BROOKFIELD Bylaws provision since the company has gone public 10/23/06 100 - Novo Mercado
CABAMBIENTAL Special Meeting (AGE) 7/30/13 100 - BOVESPA MAIS
CAMBUCI Special Meeting (AGE) 4/28/03 80 80 Standard
CCR RODOVIAS Special Meeting (AGE) 1/17/02 100 - Novo Mercado
CCX CARVÃO Bylaws provision since the company has gone public 5/25/12 100   Novo Mercado
CEDRO Special Meeting (AGE) 8/11/02 80 80 Nível 1
CELESC Special Meeting (AGE) 6/17/02 100 100 Nível 2
CESP (2) Special Meeting (AGE) 7/7/06 Ver nota 3 100 Nível 1
CETIP Bylaws provision since the company has gone public 10/28/09 100 - Novo Mercado
CHIARELLI Special Meeting (AGE) 12/23/02 80 80 Standard
CIA HERING Special Meeting (AGE) 2/4/07 100 - Novo Mercado
CIELO Bylaws provision since the company has gone public 6/29/09 100 - Novo Mercado
CONTAX Special Meeting (AGE) 4/30/13 100 100 Nível 2
COPASA Bylaws provision since the company has gone public 8/2/06 100 - Novo Mercado
COSAN Bylaws provision since the company has gone public 11/18/05 100 - Novo Mercado
COSAN LOG Special Meeting (AGE) 6/10/14 100 - Novo Mercado
COTEMINAS Special Meeting (AGE) 8/21/02 80 80 Standard
CPFL ENERGIA Special Meeting (AGE) 8/13/04 100 - Novo Mercado
CPFL RENOVAV Bylaws provision since the company has gone public 7/19/13 100 - Novo Mercado
CR2 Bylaws provision since the company has gone public 4/23/07 100 - Novo Mercado
CREMER Special Meeting (AGE) 5/19/06 100 - Novo Mercado
CSU CARDSYST Bylaws provision since the company has gone public 2/5/06 100 - Novo Mercado
CVC BRASIL Bylaws provision since the company has gone public 9/12/13 100 - Novo Mercado
CYRE COM-CCP Bylaws provision since the company has gone public 9/8/07 100 - Novo Mercado
CYRELA REALT Special Meeting (AGE) 5/25/05 100 - Novo Mercado
DASA Bylaws provision since the company has gone public 11/19/04 100 - Novo Mercado
DAYCOVAL Bylaws provision since the company has gone public 6/29/07 100 100 Nível 2
DESENVIX Bylaws provision since the company has gone public 3/10/11 100 - BOVESPA MAIS
DIRECIONAL Bylaws provision since the company has gone public 11/19/09 100 - Novo Mercado
DURATEX Bylaws provision since the company has gone public 9/21/07 100 - Novo Mercado
ECORODOVIAS Special Meeting (AGE) 2/22/10 100 - Novo Mercado
ELEKEIROZ Special Meeting (AGE) 7/31/02 80 80 Standard
ELETROPAULO Special Meeting (AGE) 10/9/04 100 100 Nível 2
EMBRAER Bylaws provision since the company has gone public 5/6/06 100 - Novo Mercado
ENERGIAS BR Bylaws provision since the company has gone public 7/17/05 100 - Novo Mercado
ENERGISA Special Meeting (AGE) 2/28/07 80 80 Standard
ENEVA Bylaws provision since the company has gone public 12/14/07 100 - Novo Mercado
EQUATORIAL Bylaws provision since the company has gone public 3/4/06 100 - Novo Mercado
ESTACIO PART Bylaws provision since the company has gone public 7/30/07 100 - Novo Mercado
ETERNIT Special Meeting (AGE) 1/26/05 100 - Novo Mercado
EVEN Bylaws provision since the company has gone public 2/4/07 100 - Novo Mercado
EZTEC Bylaws provision since the company has gone public 6/22/07 100 - Novo Mercado
FER HERINGER Bylaws provision since the company has gone public 12/4/07 100 - Novo Mercado
FIBRIA Special Meeting (AGE) 5/11/09 100 - Novo Mercado
FLEURY Bylaws provision since the company has gone public 12/17/09 100 - Novo Mercado
FORJAS TAURUS Special Meeting (AGE) 7/7/11 100 100 Nível 2
GAFISA Special Meeting (AGE) 1/26/06 100 - Novo Mercado
GENERALSHOPP Bylaws provision since the company has gone public 7/30/07 100 - Novo Mercado
GER PARANAP Special Meeting (AGE) 10/25/02 80 80 Standard
GERDAU Special Meeting (AGE) 4/30/02 100 100 Nível 1
GERDAU MET Special Meeting (AGE) 4/30/02 100 100 Nível 1
GOL Bylaws provision since the company has gone public 6/24/04 100 100 Nível 2
GRAZZIOTIN Special Meeting (AGE) 9/24/08 100 100 Standard
GRENDENE Bylaws provision since the company has gone public 10/27/04 100 - Novo Mercado
HELBOR Bylaws provision since the company has gone public 10/29/07 100 - Novo Mercado
HRT PETROLEO Bylaws provision since the company has gone public 10/25/10 100 - Novo Mercado
HYPERMARCAS Bylaws provision since the company has gone public 4/18/08 100 - Novo Mercado
IDEIASNET Bylaws provision since the company has gone public 8/6/00 100 - Novo Mercado
IGB S/A Special Meeting (AGE) 2/27/07 100 - Standard
IGUATEMI Bylaws provision since the company has gone public 7/2/07 100 - Novo Mercado
IMC HOLDINGS Bylaws provision since the company has gone public 9/3/11 100 - Novo Mercado
INDS ROMI Special Meeting (AGE) 2/15/07 100 - Novo Mercado
INDUSVAL Bylaws provision since the company has gone public 1/3/12 100 100 Nível 2
INEPAR Special Meeting (AGE) 6/17/10 100 80 Nível 1
IOCHP-MAXION Special Meeting (AGE) 1/17/08 100 - Novo Mercado
ITAUSA Special Meeting (AGE) 4/29/02 80 80 Nível 1
ITAUUNIBANCO Special Meeting (AGE) 4/30/02 80 80 Nível 1
JBS Bylaws provision since the company has gone public 3/29/07 100 - Novo Mercado
JHSF PART Bylaws provision since the company has gone public 12/4/07 100 - Novo Mercado
JOAO FORTES Special Meeting (AGE) 8/23/07 100 100 Standard
JSL Bylaws provision since the company has gone public 4/22/10 100 - Novo Mercado
KEPLER WEBER Special Meeting (AGE) 12/18/02 100 100 Standard
KLABIN S/A Special Meeting (AGE) 9/1/14 100 100 Nível 2
KROTON Special Meeting (AGE) 5/12/12 100 - Novo Mercado
LE LIS BLANC Bylaws provision since the company has gone public 4/29/08 100 - Novo Mercado
LFPARTICIP  Bylaws provision since the company has gone public 12/20/13 100 - BOVESPA MAIS
LIGHT S/A Bylaws provision since the company has gone public 2/22/06 100 - Novo Mercado
LINX Bylaws provision since the company has gone public 8/2/13 100 - Novo Mercado
LOCALIZA Bylaws provision since the company has gone public 5/23/05 100 - Novo Mercado
LOCAMERICA Bylaws provision since the company has gone public 4/23/12 100 - Novo Mercado
LOG-IN Bylaws provision since the company has gone public 6/21/07 100 - Novo Mercado
LOJAS AMERIC Special Meeting (AGE/AGESP) 9/19/06 100 100 Standard
LOJAS MARISA Bylaws provision since the company has gone public 10/22/07 100 - Novo Mercado
LOJAS RENNER Special Meeting (AGE) 5/25/05 100 - Novo Mercado
LOPES BRASIL Bylaws provision since the company has gone public 12/18/06 100 - Novo Mercado
LUPATECH Bylaws provision since the company has gone public 5/15/06 100 - Novo Mercado
M G POLIEST Special Meeting (AGE) 4/23/02 80 80 Standard
M.DIASBRANCO Bylaws provision since the company has gone public 10/18/06 100 - Novo Mercado
MAGAZ LUIZA Bylaws provision since the company has gone public 2/5/11 100 - Novo Mercado
MAGNESITA SA  Special Meeting (AGE) 2/21/08 100 - Novo Mercado
MARCOPOLO Special Meeting (AGE) 8/21/02 100 80 Nível 2
MARFRIG Bylaws provision since the company has gone public 6/29/07 100 - Novo Mercado
METAL IGUACU Special Meeting (AGE) 11/27/02 80 100 Standard
METAL LEVE Bylaws provision since the company has gone public 5/7/11 100 - Novo Mercado
METALFRIO Bylaws provision since the company has gone public 4/13/07 100 - Novo Mercado
MILLS Bylaws provision since the company has gone public 4/16/10 100 - Novo Mercado
MINERVA Bylaws provision since the company has gone public 7/20/07 100 - Novo Mercado
MMX MINER Bylaws provision since the company has gone public 7/24/06 100 - Novo Mercado
MRV Bylaws provision since the company has gone public 7/23/07 100 - Novo Mercado
MULTIPLAN Bylaws provision since the company has gone public 7/27/07 100 100 Nível 2
MULTIPLUS Bylaws provision since the company has gone public 5/2/10 100 - Novo Mercado
NADIR FIGUEI Special Meeting (AGE) 4/28/03 80 80 Standard
NATURA Bylaws provision since the company has gone public 5/26/04 100 - Novo Mercado
NORTCQUIMICA Bylaws provision since the company has gone public 5/28/13 100 - BOVESPA MAIS
NUTRIPLANT Bylaws provision since the company has gone public 2/13/08 100 - BOVESPA MAIS
ODONTOPREV Bylaws provision since the company has gone public 1/12/06 100 - Novo Mercado
OGX PETROLEO Bylaws provision since the company has gone public 6/13/08 100 - Novo Mercado
OI Special Meeting (AGE) 12/17/12 80 - Nível 1
OSX BRASIL Bylaws provision since the company has gone public 3/22/10 100 - Novo Mercado
OUROFINO S/A Bylaws provision since the company has gone public 10/21/14 100 - Novo Mercado
PARANA Bylaws provision since the company has gone public 6/14/07 100 100 Nível 1
PARANAPANEMA Special Meeting (AGE) 2/15/12 100 - Novo Mercado
PDG REALT Bylaws provision since the company has gone public 1/26/07 100 - Novo Mercado
PETTENATI Special Meeting (AGE) 10/30/02 80 80 Standard
PINE Bylaws provision since the company has gone public 3/29/12 100 100 Nível 2
PORTO SEGURO Special Meeting (AGE) 10/27/04 100 - Novo Mercado
PORTOBELLO Special Meeting (AGE) 11/27/07 100 - Novo Mercado
PORTX Bylaws provision since the company has gone public 3/12/10 100 - Novo Mercado
POSITIVO INF Bylaws provision since the company has gone public 11/12/06 100 - Novo Mercado
PROFARMA Bylaws provision since the company has gone public 10/26/06 100 - Novo Mercado
PROVIDENCIA Bylaws provision since the company has gone public 7/27/07 100 - Novo Mercado
PRUMO Bylaws provision since the company has gone public 7/28/08 100 - Novo Mercado
QGEP PART Bylaws provision since the company has gone public 9/2/11 100 - Novo Mercado
QUALICORP Bylaws provision since the company has gone public 6/29/11 100 - Novo Mercado
QUALITY SOFT Bylaws provision since the company has gone public 11/2/14 100 - BOVESPA MAIS
RAIA DROGASIL Bylaws provision since the company has gone public 12/20/10 100 - Novo Mercado
RANDON PART Special Meeting (AGE) 10/12/02 80 80 Nível 1
RECRUSUL Special Meeting (AGE) 6/11/08 100 80 Standard
REDENTOR Bylaws provision since the company has gone public 8/25/10 100 - Novo Mercado
RENAR Bylaws provision since the company has gone public 2/28/05 100 - Novo Mercado
RENOVA Bylaws provision since the company has gone public 7/13/10 100 100 Nível 2
RODOBENSIMOB Bylaws provision since the company has gone public 1/31/07 100 - Novo Mercado
ROSSI RESID Special Meeting (AGE) 1/26/06 100 - Novo Mercado
SABESP Special Meeting (AGE) 4/18/02 100 - Novo Mercado
SANSUY (1) Special Meeting (AGE) 5/4/02 80 80 Standard
SANTANDER BR Special Meeting (AGE) 8/31/09 100 100 Nível 2
SANTOS BRP Bylaws provision since the company has gone public 10/13/06 100 100 Nível 2
SAO CARLOS Special Meeting (AGE) 9/29/06 100 - Novo Mercado
SAO MARTINHO Bylaws provision since the company has gone public 12/2/07 100 - Novo Mercado
SARAIVA LIVR Special Meeting (AGE) 3/27/06 100 90 Nível 2
SENIOR SOL Bylaws provision since the company has gone public 10/5/12 100 - BOVESPA MAIS
SER EDUCA Bylaws provision since the company has gone public 10/29/13 100 - Novo Mercado
SIERRABRASIL Bylaws provision since the company has gone public 3/2/11 100 - Novo Mercado
SLC AGRICOLA Bylaws provision since the company has gone public 6/15/07 100 - Novo Mercado
SMILES Bylaws provision since the company has gone public 4/29/13 100 - Novo Mercado
SOFISA Bylaws provision since the company has gone public 2/5/07 100 100 Nível 2
SPRINGS Bylaws provision since the company has gone public 7/27/07 100 - Novo Mercado
SUL AMERICA Bylaws provision since the company has gone public 5/10/07 100 100 Nível 2
TAESA Special Meeting (AGE) 10/27/06 100 100 Nível 2
TARPON INV Special Meeting (AGE) 4/5/09 100 - Novo Mercado
TECHNOS Bylaws provision since the company has gone public 1/7/11 100 - Novo Mercado
TECNISA Bylaws provision since the company has gone public 1/2/07 100 - Novo Mercado
TEGMA Bylaws provision since the company has gone public 3/7/07 100 - Novo Mercado
TEKNO Special Meeting (AGE/AGESP) 3/12/02 80 80 Standard
TEMPO PART Bylaws provision since the company has gone public 12/19/07 100 - Novo Mercado
TEREOS Bylaws provision since the company has gone public 7/23/07 100 - Novo Mercado
TIM PART S/A Special Meeting (AGE) 6/22/11 100 - Novo Mercado
TIME FOR FUN Bylaws provision since the company has gone public 4/13/11 100 - Novo Mercado
TOTVS Bylaws provision since the company has gone public 9/3/06 100 - Novo Mercado
TRACTEBEL Special Meeting (AGE) 9/11/05 100 - Novo Mercado
TRISUL Bylaws provision since the company has gone public 10/15/07 100 - Novo Mercado
TRIUNFO PART Bylaws provision since the company has gone public 7/23/07 100 - Novo Mercado
TUPY Special Meeting (AGE) 10/17/13 100 - Novo Mercado
ULTRAPAR Special Meeting (AGE) 4/4/11 100 - Novo Mercado
UNICASA Bylaws provision since the company has gone public 4/27/12 100 - Novo Mercado
V-AGRO Bylaws provision since the company has gone public 11/22/06 100 - Novo Mercado
VALID Bylaws provision since the company has gone public 4/27/06 100 - Novo Mercado
VIAVAREJO Special Meeting (AGE) 12/16/13 100 100 Nível 2
VIGOR FOOD Special Meeting (AGE) 6/22/12 100 - Novo Mercado
VIVER Bylaws provision since the company has gone public 6/6/07 100 - Novo Mercado
WEG Special Meeting (AGE) 4/24/07 100 - Novo Mercado

Last update 12/10/2014

Notes:
1 - Tag along has been granted to PNA stocks.
2 - Tag along has been granted to PNB stocks.
3 - According to the Law 10.303/01 - Article 7, the content stated on the article 254-A of the Law 6.404/76 does not apply to companies, while going public process, that have published an edict until the announcement date.