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 Response to the civil action case brought against Techint Engenharia e Construção S/A, concerning the validity of the environmental license awarded by the Parana Environmental Institute (Instituto Ambiental de Paraná - IAP)

Techint has been operating in the region for over 30 years, dedicated to pursuing its business activities in total compliance with the legislation in force, and with a profound respect for both community and environment. The company believes that the process undertaken to obtain a license for its activities observed all the legal norms applicable and led to the concession of the licenses concerned in a manner both ethical and legal.

The IAP awarded the environmental license only after a complete analysis of the environmental impact of the company’s activities at its yard; it also established a series of control and mitigation measures accompanied by an extensive plan of actions which have been fully carried out by the company.

These activities are a major contributing factor to the region’s socio-economic development and we are committed to seeing this development take place in way that is not only legal but above all ethical and responsible.

Thus, when it has been officially informed of the circumstances which prompted the lawsuit, Techint shall present its defense in court and provide evidence of the legality of the proceedings undertaken by Techint and the IAP in the course of providing the license. We are convinced that these events will be clarified and that the greater interest of the coastal community of the state of Parana will prevail.