Banese | Material Fact

MATERIAL FACT

Banco do Estado de Sergipe S.A. (“BANESE”), in compliance with article 157, paragraph 4 of Law 6,404/76 and article 3 of CVM Instruction 358, of January 3, 2002, hereby informs its shareholders and the market in general that at the Meeting of the Board of Directors held on September 5, 2019, the Public Stock Offering of Banese was ratified, especially in view of the manifestation (Official Letter 315/2019) of the controlling shareholder – Government of the State of Sergipe – already disclosed to the market through a Material Fact on August 27, 2019. Banco do Estado de Sergipe S.A. (“BANESE”), in compliance with article 157, paragraph 4 of Law 6,404/76 and article 3 of CVM Instruction 358, of January 3, 2002, hereby informs its shareholders and the market in general that at the Meeting of the Board of Directors held on September 5, 2019, the Public Stock Offering of Banese was ratified, especially in view of the manifestation (Official Letter 315/2019) of the controlling shareholder – Government of the State of Sergipe – already disclosed to the market through a Material Fact on August 27, 2019.

In this sense, the Board of Directors has authorized the Company’s officers to perform all acts that may be necessary, including the hiring of advisors (Intermediary and Legal Bank), to make the operation viable (primary and secondary offer).

This Material Fact is for information purposes only and should not, under any circumstances, be interpreted as, nor constitute, an investment recommendation or an offer to sell, or a solicitation or offer to buy, any securities issued by BANESE.

Aracaju-SE, September 6, 2019.