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The Investment Advisor

At the Extraordinary Shareholders’ Meeting of August 14, 2012, shareholders approved, among other matters, the hiring of BTG Pactual Gestora de Recursos Ltda. as investment advisor to the Fund and securities manager, replacing Brazilian Capital Companhia de Gestão de Investimentos Imobiliários. This change indirectly resulted from acquisition of control of Brazilian Capital de Gestão de Investimentos Imobiliários by companies of the BTG Pactual Group. On July 19, 2012, BTG Pactual assumed control of the employees and activities of Brazilian Capital Companhia de Gestão de Investimentos Imobiliários through BTG Pactual Gestora de Recursos Ltda., which, on August 14, 2012, became the investment advisor to the Fund.

In addition to acquiring Brazilian Capital, BTG Pactual Gestora is leader in asset management in emerging markets, with over 20 years of experience in Brazil. BTG Pactual Gestora currently manages US$27 billion1 assets and provides a broad range of traditional and alternative products for institutional and individual investors via a combination of local expertise and an international presence with offices in London, New York and in the main countries in Latin America. The funds managed by BTG Pactual Gestora offer advantageous returns based on strict risk control and capital preservation.

¹March de 2017, at an exchange rate of R$/US$3.122.

For further information visit www.btgpactual.com

Last Update on July 21, 2017