CVC Brasil Operadora e Agência de Viagens S.A. announced that, on March 23, 2018, the meeting of the Board of Directors of the Company approved the successors to the positions of Chief Executive Officer ("CEO") and of Chief Financial Officer and Investor Relations Officer ("CFO") of the Company, as part of the succession process provided for the Incentive Plan Based in CEO Shares, approved by the shareholders of the Company at the Extraordinary Shareholders' Meeting held on June 2, 2017. Mr. Luiz Fernando Fogaça, current Chief Financial Officer and Investor Relations Officer of the Company, was approved by the Board of Directors to succeed Mr. Luiz Eduardo Falco Pires Correa, as of January 1, 2019, and Mr. Leopoldo Saboya was approved by the Board of Directors to occupy the position of Chief Financial Officer and Investor Relations Officer of the Company, as of April 2, 2018. The Company clarifies that Mr. Luiz Eduardo Falco Pires Correa, current Chief Executive Officer of the Company, will remain in his position up to December 31, 2018, and will also remain in the position of member of the Board of Directors of the Company.

Mr. Luiz Fernando Fogaça will leave his current position on April 2, 2018, date in which he will become part of the Company's Executive Board and will join a preparation program to take over the position as new Chief Executive Officer of the Company as of 2019.