BAK INVESTOR ALERT

Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit has been Filed Against Braskem S.A. - Seite 2

On this news, Braskem's American Depositary Share ("ADS") price fell $1.60 per share over two trading days, or 5.98%, to close at $25.14 per share on April 3, 2020.

Finally, on July 9, 2020, during pre-market hours, Braskem disclosed that authorities in northeastern Brazil had advised the Company that the geological damage from its salt mining operations was more widespread than initial estimates. Specifically, among other things, 1,918 properties needed to be evacuated because of the geological event associated with Braskem's mining operations, and Braskem estimated that moving the residents would cost the Company an additional R$850 million in possible payments to those residents, with another additional R$750 million in expenses to "definitively" shut down Braskem's salt mining operations.

On this news, Braskem's ADS price fell $0.59 per share, or 6.20%, to close at $8.93 per share on July 9, 2020.

If you wish to serve as lead plaintiff, you must move the Court no later than October 26, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

If you purchased Braskem securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/braskemsa-bak-shareholder-class-action- ... or contact Matthew E. Guarnero toll free at [phone] or [e-mail].

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, [phone]. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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