Aura Announces the Settlement of the Over-Allotment BDRs in the Context of the Initial Primary and Secondary Public Offering with Restricted Efforts - Seite 3

The Company expects to use the net proceeds of the Offering to fund (i) continuous development, maintenance and expansion of the Company's producing assets; (ii) exploration and development of projects that are not yet  in commercial production; and (iii) reinforcement of the Company's capital structure.

The Company expects completion of the Offering (by means of a form to be filed by the lead Brazilian Underwriter with the CVM) to occur on or before August 11, 2020.

PURSUANT TO CVM INSTRUCTION 476, TRADING OF THE BDRS ON SECONDARY MARKET ON THE B3 S.A. – BRASIL, BOLSA, BALCÃO (THE “B3”) SHALL BE LIMITED AMONG “QUALIFIED INVESTORS” (AS DEFINED IN ARTICLE 9-B OF CVM INSTRUCTION 539) UNTIL THE EARLIER OF (I) A PUBLIC OFFERING OF BDRS REGISTERED WITH THE CVM, IN WHICH CASE THE COMPANY SHALL CHANGE THE BDR PROGRAM REGISTERED WITH THE CVM FROM SPONSORED LEVEL II TO SPONSORED LEVEL III; OR (II) THE ELAPSE OF 18 MONTHS FOLLOWING THE DATE ON WHICH THE BDRS ARE ADMITTED FOR TRADING ON THE B3.

THIS PRESS RELEASE IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES. THE OFFERING HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT, OR ANY OTHER U.S. FEDERAL AND STATE SECURITIES LAWS, AND THE BDRS MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED IN THE UNITED STATES OR TO U.S. INVESTORS, UNLESS THEY ARE REGISTERED, OR EXEMPT FROM, OR NOT SUBJECT TO, REGISTRATION UNDER THE SECURITIES ACT.

The Offering is automatically exempted from the registration of public distribution by the CVM referred to in article 19 of the Brazilian Capital Markets Law, and pursuant to article 6 of CVM Instruction 476, and is therefore not subject to prior review by the CVM. The Offering will not be subject to prior review by the CVM, by the Brazilian Financial and Capital Markets Association – ANBIMA (“ANBIMA”) or by any regulatory or self-regulatory entity; however, after sending the notice of completion of the Offering to the CVM, the Offering will be registered with ANBIMA. The Offering was not and will not be registered with the United States Securities and Exchange Commission.