Braskem says partial spin-off of BRK, incorporation of Petroquisa by Petrobras has resulted in Petrobras holding direct equity interest in company while BRK and Odebrecht remain company's direct, indirect controlling shareholders, respectively

Alison Gallant

SAO PAULO , January 30, 2012 (press release) – Braskem S.A. ("Braskem" or the "Company") hereby informs that as a result of the partial spin-off of BRK Investimentos Petroquímicos S.A. ("BRK"), the direct controlling shareholder of the Company, and the merger of Petrobras Química S.A. - Petroquisa ("Petroquisa"), a wholly-owned subsidiary of Petróleo Brasileiro S.A. ("Petrobras"), by Petrobras, approved on this date by the Shareholders' Meetings of Petrobras and BRK, Petrobras now holds only a direct equity interest in the Company while BRK and Odebrecht Serviços e Participações S.A. remain Braskem's direct and indirect controlling shareholders, respectively.

As a result of above-mentioned transactions, the Company Shareholders' Agreement will be amended at an opportune moment to reflect the above-mentioned changes. However, all the rights and obligations envisaged in said agreement will remain unchanged.

Further information can be obtained from the Company's Investor Relations Department at +55 11 3576-9531 or by e-mail at braskem-ri@braskem.com.br .
São Paulo, January 27, 2012.

Marcela Aparecida Drehmer Andrade
Investor Relations Officer
Braskem S.A.

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