Material Fact – Change in the Management

MATERIAL FACT

In compliance with the provisions of CVM Instruction 358, CCR S.A. (“CCR” or “Company”) (B3: CCR03; Bloomberg: CCR03 BZ; Reuters: CCR03.SA) hereby notifies its shareholders and the market in general that the Company’s Board of Directors approved today the election of Mr. Waldo Edwin Pérez to the position of Chief Financial and Investor Relations Officer, as of January 6, 2020, replacing Mr. Arthur Piotto Filho.

Waldo Edwin Pérez Leskovar is a corporate finance professional with extensive experience in Financing, M&A, capital raising and corporate and debt transactions across various sectors throughout Latin America. His last role was CFO of SPIC Brasil and prior to this he was a Managing Director at Deutsche Bank, Co-Head of M&A at Santander and Director of M&A at ABN AMRO.  Waldo began his career as an engineer at IBM in the U.S.A. He holds a bachelor’s and master’s degree in Electrical Engineering from Georgia Institute of Technology and an MBA degree from The University of Texas at Austin.

The Company thanks Mr. Arthur Piotto Filho for his dedication and contribution throughout more   than 20 years of his professional career, having created an important legacy for CCR.

São Paulo, December 19, 2019.

CCR S.A.

Leonardo Couto Vianna
CEO

Arthur Piotto Filho
Investor Relations Officer