Embraer in Stock Repurchase Program

Embraer’s board authorized the repurchase of stock in order to add value for shareholders. It plans to buy back up to an aggregate of 16,800,000 common shares, representing approximately 2.3 percent of outstanding capital, which totals 740,465,044 common shares outstanding. The company plans to completed the action within 120 days ending April 4 and the acquisition will be made on the Bolsa de Valores de São Paulo (Bovespa). The price will not be above its trading price. The common shares bought back by Embraer will be kept in treasury form, and the treasury shares would not have any political or economic rights. It chose Finabank CCTVM Ltda to handle the transaction along with Indusval S.A. CTVTM.