CHANGE OF INDEPENDENT AUDITOR - CVM INSTRUCTION 308/99

Dias d'Ávila, January 4, 2017. PARANAPANEMA SA ("Company", BM&FBovespa: PMAM3), the largest non- integrated Brazilian producer of refined copper, rebar, drawn wire, rolled, bars, pipes, fittings and their alloys , in compliance with the provisions of Article 31 of CVM Instruction Number 308/99, which determines the rotation of the independent auditors in each five (5) year period, hereby informs its shareholders and the market of the contracting of PricewaterhouseCoopers Auditores Independentes ("PwC"), in order to accomplish a Company's independent external audit and its subsidiaries. PwC will begin its activities based on the review of quarterly information ("ITRs") for the first quarter of 2017.

Finally, we hereby inform you that we have obtained the due consent of KPMG Auditores Independentes, the Company's current independent external auditor, regarding the aforementioned change.

Marcos Paletta Camara

Chief Executive Officer and IR Officer

ParanaPanema SA published this content on 06 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 06 January 2017 20:07:02 UTC.

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