Rio de Janeiro, March 23rd, 2020 - BR MALLS PARTICIPAÇÕES S.A., publicly-held company located at Avenida Afrânio de Melo Franco 290, 1st floor, in the city and state of Rio de Janeiro, under CNPJ nº 06.977.745/0001-91 ("brMalls" or "Company"), in compliance with Comissão de Valores Mobiliários instruction nº 358, hereby announces that, following the recommendations of public authorities and collaborating towards COVID-19 prevention, it will suspend the operation of malls in its portfolio.

As of this Monday, March 23rd, 2020, reinforcing measures to fight against COVID-19, all our malls will be closed to the public.

Delivery services will be allowed in malls where the government has not restricted this activity.

The Company maintains a Pluridisciplinary Crisis Committee in order to monitor and implement awareness and prevention initiatives.

Finally, we will keep the market informed of relevant changes that may occur.