1. The definitions for the terms used in this Policy document are at the Applicable Definitions for the Policy for Disclosure of Material Information and Confidentiality, in the Attachment I herein.
2. The controlling shareholders of the Company, its executive officers, members of the board of directors, fiscal council and members of any
other Statutory Bodies with technical and consulting functions, created under the terms of the Company’s Bylaws, managers and employees,
that by virtue of office, function or position, take cognizance of the information relating to the material information, shall enter into a
Declaration of Compliance becoming a signatory person as provided for herein.
3. The Company should maintain an updated list of the signatory persons of the Declaration of Compliance, with their complete qualification,
indicating the person’s position, address and Individual and/or Corporate Taxpayer’s ID number at the Company’s headquarters, updating the list
at any changes in the signatory person list.
4. The purpose of the present Policy for Disclosure is to establish conduct standards to be complied with by the Investor Relations Officer and any person subject to the provisions of this present Policy regarding the disclosure of material information and confidentiality of the information
not publicly announced. The Company’s Policy for Disclosure was elaborated under the terms of the applicable capital markets regulation.
5. Any doubts about the provisions of this Policy for Disclosure, the applicable regulation issued by CVM and/or the need to disclose or not
some information to the public shall be reported to the policy manager nominated by the Company’s Board of Directors for clarification.
6. It is incumbent upon the Company’s Investor Relations Officer:
(i) the disclosure and announcement to the Brazilian Securities and Exchange Commission (CVM) and to the Stock Exchanges, immediately after the acknowledgment, of any material information taken place or related to the Company’s business;
(ii) to ensure the ample and immediate dissemination of the material information, simultaneously, in all the markets where the Company’s securities are eligible for trading, and also to the public in general.
7. The communication of material information to CVM and Stock Exchanges should be submitted immediately through a written document, meticulously describing the act and/or fact occurred, indicating, when possible, the amounts involved and other clarifications.
8. Material information shall be disclosed to the public by means of publication in the newspapers used by the Company, and this may be made in the summary form, indicating the address in the Internet, where the complete information shall be available, in content, at least, identical
to that sent to CVM and Stock Exchanges.
9. Whenever material information is disclosed to the public, including press meeting or meetings with class entities, investors, analysts or select
public, in Brazil or abroad, the material information shall be reported simultaneously to CVM, Stock Exchanges and to the public in general.
10. Designated persons having access to Material Information shall immediately and officially communicate such Material Information to the
Investor Relations Officer.
11. The designated person that verifies the omission, on the part of the communication of any material information and is able to attest and
certify shall immediately communicate the material information to CVM.
12. The disclosure of material information shall take place, whenever possible, before the opening or after the closing of trading in the stock
exchanges. In the case the stock exchanges are not trading simultaneously, the disclosure shall take place in compliance with the Brazilian stock exchanges trading hours.
13. The material information may exceptionally not be disclosed if the disclosure thereof will jeopardize the Company’s legitimate interest.
14. The Company may submit to CVM the justification of why disclosing the material information could jeopardize the Company’s legitimate interest.
15. Whenever material information not yet disclosed becomes known by any person, apart from those who (i) had originally knowledge; and/or (ii) had decided to maintain confidentiality, or, under the assumption of atypical fluctuation in the quotation, price and quantity traded of Company’s securities, the Investor Relations Officer shall arrange for the material information to be immediately disclosed to CVM, Stock Exchanges and to the public in general.
16. It is incumbent upon the persons submitted to the provisions of this Policy to maintain the confidentiality of material information not yet
disclosed to the market, having privileged access to this information in view of office or position held until its disclosure to the market, as well as
to ensure that employees and third parties of their trust also maintain such confidentiality.
17. Material information, even when the applicable measures were taken, shall be considered not disclosed until it has actually become public by
the Company’s usual means for the disclosure of material information, under the terms of the applicable regula tion.
18. Designated persons shall not publicly discuss the material information. Likewise, the designated persons shall only discuss subjects related to
the material information with those who have the necessity to know the material information.
19. Any violation of this Policy by any designated person shall be immediately reported to the Company, addressed to the Policy manager.
20. In the case any person subject to the rules of this Policy verifies that a material information not yet disclosed has become known by any person, apart from those (i) had originally knowledge; and/or (ii) had decided to maintain confidentiality, or, under the assumption of atypical fluctuation in the quotation, price and quantity traded of Company’s securities, such event shall be immediately reported to the Company, addressed to the Policy manager.
21. Any designated person who violates any of this Trading Policy’s provisions is bound to indemnify the Company and/or other designated persons, fully and with no limitation, for any loss directly or indirectly incurring from such violation. Attachment I to the Policy for Disclosure of Material Information and Confidentiality
Stock Exchanges – Refers to the São Paulo Stock Exchange – Bovespa and any other stock exchange or organized trading market where the Company is allowed to trade its securities.
Company – Companhia Paranaense de Energia – Copel Policy Manager – a Company’s executive officer nominated to follow up and
monitor the accomplishment of the terms of the Policy for Disclosure and Trading Policy
CVM – Brazilian Securities and Exchange Commission Investor Relations Officer – a Company’s executive officer elected to be
engaged in the assignments foreseen in the CVM’s regulation.
Material Information – Any decision from the controlling shareholder, deliberations from the General Meeting or entity of the Company’s management or any act or fact of public-management, technical, business or economicfinancial nature occurred or related to the Company’s business, that could substantially influence: (i) the securities’ quotation; (ii) the investors’ decision to buy, sell or maintain securities; or (iii) the decision of investor to exercise any rights regarding their condition as securities holder. Examples of material information are available in Article 2 of the Instruction 358/2002 issued by CVM.
Stock Options – Right to acquire shares issued by the Company granted to board members and other employees, under the terms of Stock Option Guarantee Plan approved by the General Meeting.
Designated signatory person – Includes, in the Company and its controlling company and/or jointly-controlled company, its controlling shareholders, directly and indirectly, executive officers, members of the Board of Directors and the Fiscal Council and any other Statutory Bodies with technical or consulting functions, and whomever, by virtue of office, function or position, takes cognizance of the information relating to material act of fact and had purposely adhered to this Trading Policy and/or Trading Policy. The related person that had adhered to the Policy for Disclosure not necessarily are obliged to comply with the rules of the Policy for Disclosure, and vice versa, depending on the
Declaration of Compliance reached between the parties.
Policy for Disclosure – Policy for Disclosure of Relevant Information and Confidentiality.
Trading Policy – Trading Policy for Securities Issued by the Company.
Declaration of Compliance – Official instrument signed by the related person and recognized by the Company, through which the related person confirms knowledge of the Policy for Disclosure or Trading Policy rules, each case, taking the obligation of complying and to ensure that the rules are accomplished by those who are under its influence, including controlling company, subsidiaries or jointly controlled companies, spouse and dependents, directly or indirectly.
Securities – Shares, debentures, subscription bonus, receipts and subscription rights, promissory notes issued by the Company, deposit certificate for these securities and future contracts and derivatives referent to any of these securities.
Copyright 2008 COPEL - Companhia Paranaense de Energia. All rights reserved.