Paris, 04 April 2018
On September 29, 2017, CNP Assurances announced the execution of a non-binding Memorandum of Understanding with Caixa Seguridade, establishing the conditions for a new exclusive distribution arrangement in Brazil. On December 22, 2017, CNP Assurances then specified that the signing of the new agreement was expected to occur early 2018. Following the change in the top management of Caixa Econômica Federal, CNP Assurances and Caixa Seguridade have agreed to pursue and finalize their negotiations with a view to entering into a binding agreement. The current agreements remain in force.