Tranche Update on Financeira Alfa S.A. - Crédito, Financiamento e Investimentos's Equity Buyback Plan announced on November 13, 2017.

From January 1, 2018 to March 31, 2018, the company has repurchased 2,500 shares, representing 0.002428% for BRL 0.009174 million. With this, the company has completed the repurchase of 9,200 shares, representing 0.008934% for BRL 0.03 million under the buyback announced on November 13, 2017.