CVM Instruction No. 282 of June 26, 1998 (Revoked)

CVM INSTRUCTION NO. 282, OF JUNE 26, 1998.

Amends the table contained in Art. 1 of CVM Instruction No. 165, of December 11, 1991 (multiple voting).

THE PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION - CVM makes it public that the Collegiate, in a meeting held on this date, in accordance with the provisions of Art. 8, I, of Law No. 6,385, of December 7, 1976, and Art. 291 of Law No. 6,404, of December 15, 1976, HAS DECIDED to issue the following Instruction:

Art. 1 This Instruction amends Art. 1 of CVM Instruction No. 165, of December 11, 1991, which establishes a scale, based on the value of social capital, for the adoption of multiple voting in the election of directors of open companies.

Art. 2 The aforementioned Art. 1 shall be in effect with the following wording:

“Art. 1 Based on the value of the social capital of the open company, it is optional for shareholders representing the social capital with voting rights, whether or not provided for in the bylaws, to request the adoption of the multiple voting process for the election of members of the Board of Directors, observing the following table:

Social Capital Interval (R$1) Minimum Percentage of Voting Capital for Request for Multiple Voting % 0 to 10,000,000 10 10,000,001 to 25,000,000 9 25,000,001 to 50,000,000 8 50,000,001 to 75,000,000 7 75,000,001 to 100,000,000 6 above 100,000,001 5

Sole Paragraph. For classification purposes, the open company shall consider its social capital in effect on the last day of the month preceding the date of the call for the Shareholders' Meeting, increased by the monetary correction reserve of the paid-in capital, if it still exists.”

Art. 3 This Instruction enters into force on the date of its publication in the Official Gazette of the Union.

Signed original by
FRANCISCO DA COSTA E SILVA
President