Note of Clarification: Decision by STF Minister Dias Toffoli

Summary:

On February 6th, the Brazilian Advocacy-General (AGU) issued a report stating that the decision made by Minister Dias Toffoli on January 31st, which suspended the financial obligations resulting from the leniency agreement between Novonor S.A. and the Federal Public Ministry (MPF), does not affect the commitments made by the company in the leniency agreement signed with the Federal Audit Court (CGU) and AGU in 2018. The AGU's understanding considers that the Union is not a party in the process, and that the literal meaning of the decision only refers to the agreement with the MPF, mentioning the leniency agreement with CGU and AGU only to authorize the company to request a review of the agreement's terms.