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 07/25/2007 100 100 Nível 2
ABRIL EDUCA Bylaws provision since the company has gone public 07/26/2011 100 100 Nível 2
ALIANSCE Bylaws provision since the company has gone public 01/29/2010 100 - Novo Mercado
ALL AMER LAT Special Meeting (AGE) 05/11/2004 100 - Novo Mercado
ALTUS S/A Bylaws provision since the company has gone public 08/28/2013 100 - BOVESPA MAIS
ALUPAR Bylaws provision since the company has gone public 04/24/2013 100 100 Nível 2
AMIL Bylaws provision since the company has gone public 10/29/2007 100 - Novo Mercado
ANHANGUERA Bylaws provision since the company has gone public 12/06/2010 100 - Novo Mercado
ANIMA Bylaws provision since the company has gone public 10/28/2013 100 - Novo Mercado
AREZZO CO Bylaws provision since the company has gone public 02/02/2011 100 - Novo Mercado
AUTOMETAL Bylaws provision since the company has gone public 02/07/2011 100 - Novo Mercado
B2W VAREJO Bylaws provision since the company has gone public 08/08/2007 100 - Novo Mercado
BANESE Special Meeting (AGE) 04/30/2008 100 100 Standard
BANESTES Special Meeting (AGE) 12/27/2007 100 100 Standard
BANRISUL Special Meeting (AGE) 04/30/2007 100 100 Nível 1
BATTISTELLA Special Meeting (AGE) 12/27/2002 80 80 Standard
BB SEGURIDADE Bylaws provision since the company has gone public 04/29/2013 100 - Novo Mercado
BEMATECH Bylaws provision since the company has gone public 04/19/2007 100 - Novo Mercado
BHG Bylaws provision since the company has gone public 07/16/2007 100 - Novo Mercado
BICBANCO Bylaws provision since the company has gone public 10/15/2007 100 100 Nível 1
BIOMM Special Meeting (AGE) 01/02/2014 100 - BOVESPA MAIS
BIOSEV Bylaws provision since the company has gone public 04/19/2013 100 - Novo Mercado
BMFBOVESPA Bylaws provision since the company has gone public 08/20/2008 100 - Novo Mercado
BR BROKERS Bylaws provision since the company has gone public 10/29/2007 100 - Novo Mercado
BR INSURANCE Bylaws provision since the company has gone public 11/01/2010 100 - Novo Mercado
BR MALLS PAR Bylaws provision since the company has gone public 04/05/2007 100 - Novo Mercado
BR PHARMA Bylaws provision since the company has gone public 06/27/2011 100 - Novo Mercado
BR PROPERT Bylaws provision since the company has gone public 03/08/2010 100 - Novo Mercado
BRADESCO Special Meeting (AGE) 12/17/2003 100 80 Nível 1
BRADESPAR Special Meeting (AGE) 09/30/2005 100 80 Nível 1
BRASIL Special Meeting (AGE) 06/07/2002 100 - Novo Mercado
BRASILAGRO Bylaws provision since the company has gone public 05/02/2006 100 - Novo Mercado
BRASKEM Special Meeting (AGE) 08/16/2002 100 100 Nível 1
BRF FOODS Special Meeting (AGE) 03/08/2006 100 - Novo Mercado
BROOKFIELD Bylaws provision since the company has gone public 10/23/2006 100 - Novo Mercado
CABAMBIENTAL Special Meeting (AGE) 07/30/2013 100 - BOVESPA MAIS
CAMBUCI Special Meeting (AGE) 04/28/2003 80 80 Standard
CC DES IMOB Bylaws provision since the company has gone public 01/31/2007 100 - Novo Mercado
CCX Bylaws provision since the company has gone public 05/25/2012 100 - Novo Mercado
CCR RODOVIAS Special Meeting (AGE) 01/17/2002 100 - Novo Mercado
CEDRO Special Meeting (AGE) 11/08/2002 80 80 Nível 1
CELESC Special Meeting (AGE) 06/17/2002 100 100 Nível 2
CETIP Bylaws provision since the company has gone public 10/28/2009 100 - Novo Mercado
CESP 2 Special Meeting (AGE) 07/07/2006 Ver nota 3 100 Nível 1
CHIARELLI Special Meeting (AGE) 12/23/2002 80 80 Standard
CIA HERING Special Meeting (AGE) 04/02/2007 100 - Novo Mercado
CIELO Bylaws provision since the company has gone public 06/29/2009 100 - Novo Mercado
CONTAX Special Meeting (AGE) 04/30/2013 100 100 Nível 2
COPASA Bylaws provision since the company has gone public 02/08/2006 100 - Novo Mercado
COSAN Bylaws provision since the company has gone public 11/18/2005 100 - Novo Mercado
COTEMINAS Special Meeting (AGE) 08/21/2002 80 80 Standard
CPFL ENERGIA Special Meeting (AGE) 08/13/2004 100 - Novo Mercado
CPFL RENOVAV Bylaws provision since the company has gone public 07/19/2013 100 - Novo Mercado
CR2 Bylaws provision since the company has gone public 04/23/2007 100 - Novo Mercado
CREMER Special Meeting (AGE) 05/19/2006 100 - Novo Mercado
CRUZEIRO SUL Bylaws provision since the company has gone public 06/26/2007 100 100 Nível 1
CSU CARDSYST Bylaws provision since the company has gone public 05/02/2006 100 - Novo Mercado
CYRE COM-CCP Bylaws provision since the company has gone public 08/09/2007 100 - Novo Mercado
CYRELA REALT Special Meeting (AGE) 05/25/2005 100 - Novo Mercado
DASA Bylaws provision since the company has gone public 11/19/2004 100 - Novo Mercado
DAYCOVAL Bylaws provision since the company has gone public 06/29/2007 100 100 Nível 1
DESENVIX Bylaws provision since the company has gone public 3/10/2011 100 - BOVESPA MAIS
DIRECIONAL Bylaws provision since the company has gone public 11/19/2009 100 - Novo Mercado
DROGASIL Special Meeting (AGE) 06/01/2007 100 - Novo Mercado
DURATEX Bylaws provision since the company has gone public 09/21/2007 100 - Novo Mercado
ECORODOVIAS Special Meeting (AGE) 22/02/2010 100 - Novo Mercado
ELEKEIROZ Special Meeting (AGE) 07/31/2002 80 80 Standard
ELETROPAULO Special Meeting (AGE) 09/10/2004 100 100 Nível 2
EMBRAER Bylaws provision since the company has gone public 06/05/2006 100 - Novo Mercado
ENERGIAS BR Bylaws provision since the company has gone public 07/17/2005 100 - Novo Mercado
ENERGISA Special Meeting (AGE) 02/28/2007 80 80 Standard
EQUATORIAL Bylaws provision since the company has gone public 04/03/2006 100 - Novo Mercado
ESTACIO PART Bylaws provision since the company has gone public 07/30/2007 100 - Novo Mercado
ETERNIT Special Meeting (AGE) 01/26/2005 100 - Novo Mercado
EVEN Bylaws provision since the company has gone public 04/02/2007 100 - Novo Mercado
EZTEC Bylaws provision since the company has gone public 06/22/2007 100 - Novo Mercado
FER HERINGER Bylaws provision since the company has gone public 04/12/2007 100 - Novo Mercado
FIBRIA Special Meeting (AGE) 11/05/2009 100 - Novo Mercado
FLEURY Bylaws provision since the company has gone public 12/17/2009 100 - Novo Mercado
FORJAS TAURUS AGE 07/07/2011 100 100 Nível 2
GAFISA Special Meeting (AGE) 01/26/2006 100 - Novo Mercado
GENERALSHOPP Bylaws provision since the company has gone public 07/30/2007 100 - Novo Mercado
GER PARANAP Special Meeting (AGE) 10/25/2002 80 80 Standard
GERDAU Special Meeting (AGE) 04/30/2002 100 100 Nível 1
GERDAU MET Special Meeting (AGE) 04/30/2002 100 100 Nível 1
GOL Bylaws provision since the company has gone public 06/24/2004 100 100 Nível 2
GRAZZIOTIN Special Meeting (AGE) 09/24/2008 100 100 Standard
GRENDENE Bylaws provision since the company has gone public 10/27/2004 100 - Novo Mercado
HYPERMARCAS Bylaws provision since the company has gone public 04/18/2008 100 - Novo Mercado
HELBOR Bylaws provision since the company has gone public 10/29/2007 100 - Novo Mercado
HRT PETROLEO Bylaws provision since the company has gone public 10/25/2010 100 - Novo Mercado
IDEIASNET Bylaws provision since the company has gone public 06/08/2000 100 - Novo Mercado
IGB S/A Special Meeting (AGE) 02/27/2007 100 - Standard
IGUATEMI Bylaws provision since the company has gone public 02/07/2007 100 - Novo Mercado
IMC HOLDINGS Bylaws provision since the company has gone public 03/09/2011 100 - Novo Mercado
INDS ROMI Special Meeting (AGE) 02/15/2007 100 - Novo Mercado
INDUSVAL Bylaws provision since the company has gone public 03/01/2012 100 100 Nível 1
INEPAR Special Meeting (AGE) 06/17/2010 100 80 Nível 1
IOCHP-MAXION Special Meeting (AGE) 01/17/2008 100 - Novo Mercado
ITAUSA Special Meeting (AGE) 04/29/2002 80 80 Nível 1
ITAUUNIBANCO Special Meeting (AGE) 04/30/2002 80 80 Nível 1
JBS Bylaws provision since the company has gone public 03/29/2007 100 - Novo Mercado
JHSF PART Bylaws provision since the company has gone public 04/12/2007 100 - Novo Mercado
JOAO FORTES Special Meeting (AGE) 08/23/2007 100 100 Standard
KEPLER WEBER Special Meeting (AGE) 12/18/2002 100 100 Standard
KLABIN S/A Special Meeting (AGE) 09/29/2005 80 70 Nível 1
KROTON Bylaws provision since the company has gone public 07/23/2007 100 100 Nível 2
LE LIS BLANC Bylaws provision since the company has gone public 04/29/2008 100 - Novo Mercado
LFPARTICIP Bylaws provision since the company has gone public 12/20/2013 100 - Bovespa Mais
LIGHT S/A Bylaws provision since the company has gone public 02/22/2006 100 - Novo Mercado
LINX Bylaws provision since the company has gone public 02/08/2013 100 - Novo Mercado
LLX LOG Bylaws provision since the company has gone public 07/28/2008 100 - Novo Mercado
LOCALIZA Bylaws provision since the company has gone public 05/23/2005 100 - Novo Mercado
LOCAMERICA Bylaws provision since the company has gone public 04/23/2012 100 - Novo Mercado
LOG-IN Bylaws provision since the company has gone public 06/21/2007 100 - Novo Mercado
LOJAS AMERIC Special Meeting (AGE/AGESP) 09/19/2006 100 100 Standard
LOJAS MARISA Bylaws provision since the company has gone public 10/22/2007 100 - Novo Mercado
LOJAS RENNER Special Meeting (AGE) 05/25/2005 100 - Novo Mercado
LOPES BRASIL Bylaws provision since the company has gone public 12/18/2006 100 - Novo Mercado
LUPATECH Bylaws provision since the company has gone public 05/15/2006 100 - Novo Mercado
MAGNESITA SA Special Meeting (AGE) 02/21/2008 100 - Novo Mercado
M.DIASBRANCO Bylaws provision since the company has gone public 10/18/2006 100 - Novo Mercado
MAGAZINE LUIZA Bylaws provision since the company has gone public 05/02/2011 100 - Novo Mercado
M G POLIEST Special Meeting (AGE) 04/23/2002 80 80 Standard
MARCOPOLO Special Meeting (AGE) 08/21/2002 100 80 Nível 2
MARFRIG Bylaws provision since the company has gone public 06/29/2007 100 - Novo Mercado
MARISOL Special Meeting (AGE) 12/20/2002 80 80 Standard
METAL IGUACU Special Meeting (AGE) 11/27/2002 80 100 Standard
METAL LEVE Bylaws provision since the company has gone public 07/05/2011 100 - Novo Mercado
METALFRIO Bylaws provision since the company has gone public 04/13/2007 100 - Novo Mercado
MILLS Bylaws provision since the company has gone public 04/16/2010 100 - Novo Mercado
MINERVA Bylaws provision since the company has gone public 07/20/2007 100 - Novo Mercado
MMX MINER Bylaws provision since the company has gone public 07/24/2006 100 - Novo Mercado
MPX ENERGIA Bylaws provision since the company has gone public 12/14/2007 100 - Novo Mercado
MRV Bylaws provision since the company has gone public 07/23/2007 100 - Novo Mercado
MULTIPLAN Bylaws provision since the company has gone public 07/27/2007 100 100 Nível 2
MULTIPLUS Bylaws provision since the company has gone public 02/05/2010 100 - Novo Mercado
NADIR FIGUEI Special Meeting (AGE) 04/28/2003 80 80 Standard
NATURA Bylaws provision since the company has gone public 05/26/2004 100 - Novo Mercado
NORTCQUIMICA Bylaws provision since the company has gone public 05/28/2013 100   BOVESPA MAIS
NUTRIPLANT Bylaws provision since the company has gone public 02/13/2008 100 - BOVESPA MAIS
ODONTOPREV Bylaws provision since the company has gone public 12/01/2006 100 - Novo Mercado
OGX PETROLEO Bylaws provision since the company has gone public 06/13/2008 100 - Novo Mercado
OHL BRASIL Bylaws provision since the company has gone public 07/15/2005 100 - Novo Mercado
OI Special Meeting (AGE) 12/07/2012 80 - Nível 1
OSX BRASIL Bylaws provision since the company has gone public 03/22/2010 100 - Novo Mercado
PANAMERICANO Bylaws provision since the company has gone public 11/19/2007 100 100 Nível 1
PARANA Bylaws provision since the company has gone public 06/14/2007 100 100 Nível 1
PARANAPANEMA Special Meeting (AGE) 02/15/2012 100 - Novo Mercado
PDG REALT Bylaws provision since the company has gone public 01/26/2007 100 - Novo Mercado
PETROPAR Special Meeting (AGE) 11/25/2002 80 80 Standard
PETTENATI Special Meeting (AGE) 10/30/2002 80 80 Standard
PINE Bylaws provision since the company has gone public 03/29/2012 100 100 Nível 2
PORTOBELLO Special Meeting (AGE) 11/27/2007 100 - Novo Mercado
PORTO SEGURO Special Meeting (AGE) 10/27/2004 100 - Novo Mercado
PORTX Bylaws provision since the company has gone public 12/03/2010 100 - Novo Mercado
POSITIVO INF Bylaws provision since the company has gone public 12/11/2006 100 - Novo Mercado
PROFARMA Bylaws provision since the company has gone public 10/26/2006 100 - Novo Mercado
PROVIDENCIA Bylaws provision since the company has gone public 07/27/2007 100 - Novo Mercado
QGEP PART Bylaws provision since the company has gone public 02/09/2011 100 - Novo Mercado
QUALICORP Bylaws provision since the company has gone public 06/29/2011 100 - Novo Mercado
QUATTOR PETR Special Meeting (AGE) 11/18/2004 100 80 Standard
RAIA Bylaws provision since the company has gone public 12/20/2010 100 - Novo Mercado
RANDON PART Special Meeting (AGE) 12/10/2002 80 80 Nível 1
RECRUSUL Special Meeting (AGE) 11/06/2010 100 80 Standard
REDECARD Bylaws provision since the company has gone public 07/13/2007 100 - Novo Mercado
REDENTOR Bylaws provision since the company has gone public 08/25/2010 100 - Novo Mercado
RENAR Bylaws provision since the company has gone public 02/28/2005 100 - Novo Mercado
RENOVA Bylaws provision since the company has gone public 07/13/2010 100 100 Nível 2
RODOBENSIMOB Bylaws provision since the company has gone public 01/31/2007 100 - Novo Mercado
ROSSI RESID Special Meeting (AGE) 01/26/2006 100 - Novo Mercado
SABESP Special Meeting (AGE) 04/18/2002 100 - Novo Mercado
SANSUY ¹ Special Meeting (AGE) 04/05/2002 80 80 Standard
SANTANDER BR Special Meeting (AGE) 08/31/2009 100 100 Nível 2
SANTOS BRP Bylaws provision since the company has gone public 10/13/2006 100 100 Nível 2
SAO CARLOS Special Meeting (AGE) 02/12/2007 100 - Novo Mercado
SÃO MARTINHO Bylaws provision since the company has gone public /02/122007 100 - Novo Mercado
SARAIVA LIVR Special Meeting (AGE) 03/27/2006 100 90 Nível 2
SEB Bylaws provision since the company has gone public 10/18/2007 100 100 Nível 2
SENIOR Bylaws provision since the company has gone public 05/10/2012 100 - Bovespa Mais
SER EDUCA Bylaws provision since the company has gone public 10/29/2013 100 - Novo Mercado
SIERRABRASIL Bylaws provision since the company has gone public 02/03/2011 100 - Novo Mercado
SLC AGRICOLA Bylaws provision since the company has gone public 06/15/2007 100 - Novo Mercado
SMILE Bylaws provision since the company has gone public 04/29/2013 100 - Novo Mercado
SOFISA Bylaws provision since the company has gone public 05/02/2007 100 100 Nível 2
SPRINGS Bylaws provision since the company has gone public 07/27/2007 100 - Novo Mercado
SUL AMERICA Bylaws provision since the company has gone public 10/05/2007 100 100 Nível 2
TAM S/A Special Meeting (AGE) 05/16/2005 100 100 Nível 2
TARPON INV Special Meeting (AGE) 05/04/2009 100 - Novo Mercado
TECHNOS Bylaws provision since the company has gone public 07/01/2011 100 - Novo Mercado
TECNISA Bylaws provision since the company has gone public 02/01/2007 100 - Novo Mercado
TEGMA Bylaws provision since the company has gone public 07/03/2007 100 - Novo Mercado
TEKNO Special Meeting (AGE)/Special Meeting (AGE)SP 12/03/2002 80 80 Standard
TEMPO PART Bylaws provision since the company has gone public 12/19/2007 100 - Novo Mercado
TEREOS Bylaws provision since the company has gone public 07/23/2007 100 - Novo Mercado
TIM PART S/A Special Meeting (AGE) 6/22/2011 100 - Novo Mercado
TIME FOR FUN Bylaws provision since the company has gone public 04/13/2011 100 - Novo Mercado
TIVIT Bylaws provision since the company has gone public 09/28/2009 100 - Novo Mercado
TOTVS Bylaws provision since the company has gone public 03/09/2006 100 - Novo Mercado
TRACTEBEL Special Meeting (AGE) 11/09/2005 100 - Novo Mercado
TRISUL Bylaws provision since the company has gone public 10/15/2007 100 - Novo Mercado
TRIUNFO PART Bylaws provision since the company has gone public 10/15/2007 100 - Novo Mercado
TUPY Special Meeting (AGE) 12/20/2002 80 80 Standard
UNICASA Bylaws provision since the company has gone public 04/27/2012 100 - Novo Mercado
ULTRAPAR Special Meeting (AGE) 04/04/2011 100 - Novo Mercado
V-AGRO Bylaws provision since the company has gone public 22/11/2006 100 - Novo Mercado
VALID Bylaws provision since the company has gone public 04/27/2006 100 - Novo Mercado
VIA VAREJO Special Meeting (AGE) 12/16/2013 100 100 Nível 2
VIGOR Special Meeting (AGE) 06/22/2012 100 - Novo Mercado
VIVER Bylaws provision since the company has gone public 06/06/2007 100 - Novo Mercado
WEG Special Meeting (AGE) 04/24/2007 100 - Novo Mercado

Last update 01/02/2014

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.