BANESE | Material Fact



Banco do Estado de Sergipe S.A. (“BANESE” or “Company”), in compliance with article 157, paragraph 4 of Law No. 6.404 of December 15, 1976 (Brazilian Corporation Law) and the regulations of the Brazilian Securities Commission (“CVM”), especially CVM Instruction 358 of January 3, 2002, hereby informs its shareholders and the market in general that: pursuant to the Material Fact disclosed on August 27, 2019, received, on this date, Letter No. 257/2021 from the Government of the State of Sergipe, the company’s controlling shareholder, reiterating its intention to dispose of up to 45% of the common shares and 40% of the preferred shares owned and issued by the Company, surplus to control, through a secondary distribution offering of shares (operation).

The Government of the State of Sergipe also announced, in the same document, that it has hired BB – Banco de Investimentos S.A. to structure the operation.

The Company will disclose the required information and documents to implement the operation, under the terms of the law and applicable instructions.

BANESE will keep its shareholders and the market informed of any new facts concerning the matter in question.

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), February 05, 2021.


Aléssio de Oliveira Rezende

Chief Financial, Control and Investor Relations Officer