Dear members,

I would like to reassure you about yesterday’s news and today’s news about legal actions filed in the context of Odebrecht’s Court-Supervised Reorganization.

It is natural, over the course of a Court-Supervised Reorganization, for creditors to file appeals or challenges. This is the case for all the companies that have gone through this process.

It is not up to us to publicly judge the motivations or to evaluate the aggressiveness of one or another manifestation. However, we shall assure our members and external partners that the Court-Supervised Reorganization process has been conducted in a constructive and transparent manner and in accordance with the laws in force. We believe that the Court will timely pronounce in that sense.

We and our financial and legal advisors, at the meetings we have been holding frequently with major creditors, are committed to finding balance points in search of a plan to enable the financial equation of the company, the restructuring of obligations to creditors as well as the return of its growth.

We are confident that we will soon reach an agreement, despite the setbacks we encounter along the way. We need to understand that Court-Supervised Reorganization is like a half-marathon. It’s not a long road, but we need to have planning, breath, endurance, patience, determination and persistence to get through the obstacles and reach the goal we want to achieve.

I ask you to continue to make your best efforts as much as possible, as you have always done, with regard to your Action Programs, because it is with the continuity of our activities and with the effort and solidarity of all the members that we will overcome this period and begin a new journey.

I’m counting on you. And I’ll keep you informed at all times.

Best regards,

Luciano Guidolin

Chief Executive Officer

Odebrecht S.A.