Banese | Notice to the Market


NOTICE TO THE MARKET

Banco do Estado de Sergipe S.A. (“BANESE” or “Company”), a multiple bank, established as a government-controlled private company, hereby informs its shareholders and the market in general that, further to the Notice to the Market disclosed July 23, 2021, regarding the competitive process to create a strategic insurance brokerage partnership:

  1. 1. BANESE and Alper Consultoria e Corretora de Seguros S.A. (“Alper”) have entered into a Confidentiality and Exclusivity Agreement on this date after Alper has been selected to participate in the exclusive negotiation of the competitive process held by BANESE, which provides for the creation of a 20-year strategic partnership that may result in a new private insurance company formed by Alper and BANESE. The company will have exclusivity rights to conduct insurance brokerage transactions on BANESE’s distribution channels.
  1. 2. Alper is one of Brazil’s largest and most diversified insurance and reinsurance brokerage firms, is listed on the Novo Mercado listing segment of B3 – Bolsa, Brasil, Balcão, and trades a broad product and services portfolio, covering various economic sectors with strong operations in the segments of corporate health care, life, automobile, manufacturing, agriculture and transportation, and services, among others.
  1. 3. BANESE and Alper are now negotiating the terms and conditions of the strategic partnership for the subsequent signing of the definitive instruments. The completion of the transaction is subject to implementation and compliance with certain precedent conditions that are common to transactions of this nature.

BANESE will keep its shareholders and the market informed of new developments regarding this matter.

 

Aracaju (SE), February 02, 2022.

 

Aléssio de Oliveira Rezende

Chief Financial, Control and Investor Relations Officer