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Answer to CVM letter - Infomoney 07/16/2020

São Paulo, July 16, 2020
Securities and Exchange Commission of Brazil 
Rua Sete de Setembro, 111, 33º andar
Centro, Rio de Janeiro - RJ
 
 
Ref.: Official Letter 238/2020/CVM/SEP/GEA-1
 
Dear Sir/Madam:
 
In reference to Official Letter 238/2020/CVM/SEP/GEA-1 ("Official Letter"), dated July 15, 2020, through which you requested clarifications from Braskem S.A. ("Braskem" or "Company") with regard to the article published on July 15, 2020, in the News section of the Infomoney portal, as transcribed below:
 
 "Braskem (BRKM5)
And in the international market, Braskem, through Braskem Netherlands Finance, is preparing an issue of subordinated notes. The transaction is seeking to raise US$ 500 million, according to the newspaper Valor Econômico."
 
With regard to the aforementioned article, Braskem informs that the Company's Board of Directors approved, on July 14, 2020, the authorization of the issuance of debt securities in the international market to qualified institutional investors within certain parameters and conditions, with management authorized to execute the acts required to perform this issuance. The issuance and its final conditions, however, are subject to favorable market conditions and investor demand, and Braskem is unable to guarantee that the transaction will be concluded and, if so, under which conditions.
 
For more information, contact Braskem's Investor Relations Department by calling +55 (11) 3576-9531 or by sending an e-mail to braskem-ri@braskem.com.br.
 
Sincerely,
 
Pedro van Langendonck Teixeira de Freitas
Chief Financial and Investor Relations Officer
Braskem S.A.