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Pdg Realty S.A. Empreendimentos E Participações Ordinary Shareholders' General Meeting to Be Held on April 29, 2015 Manageme

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Pdg Realty S.A. Empreendimentos E Participações Ordinary Shareholders' General Meeting to Be Held on April 29, 2015 Manageme PDG REALTY S.A. EMPREENDIMENTOS E PARTICIPAÇÕES ORDINARY SHAREHOLDERS’ GENERAL MEETING TO BE HELD ON APRIL 29, 2015 MANAGEMENT PROPOSAL 1046878v3 1046878v3 1046878v3 PDG Realty S.A. Empreendimentos e Participações Publicly-Held Corporation Corporate Taxpayer ID (CNPJ) No. 02.950.811/0001-89 Company Registry (NIRE) 33.3.00285.199 | CVM Code No. 20478 ORDINARY SHAREHOLDERS’ GENERAL MEETING TO BE HELD ON APRIL 29, 2015 MANAGEMENT PROPOSAL SUMMARY 1. PURPOSE 4 2. DOCUMENTS AVAILABLE TO THE SHAREHOLDERS 5 3. GENERAL MEETING CALL 6 4. PLACE OF THE GENERAL MEETING 6 5. ATTENDANCE AT THE GENERAL MEETING 7 6. RULES FOR OPENING THE GENERAL MEETING 9 7. MAJORITY FOR APPROVAL OF MATTERS 9 8. ANALYSIS OF THE MATTERS TO BE RESOLVED AT THE GENERAL MEETING 9 8.1. management accounts, management report, Company’s financial statements and the report of the independent auditors relating to the fiscal year ended on December 31, 2014 10 8.2. management proposal for allocation of the results of the fiscal year ended on December 31, 2014 11 8.3. Definition of the Number of Members of the Company’s Board of Directors 11 8.3.1. Majority vote 13 8.3.2. Multiple voting 14 8.3.3. Separate election 16 8.3.4. Proposed number of members of the board of directors 17 8.4. Election of the Members of the Company’s Board of Directors 17 8.4.1. Candidates nominated by the Company’s management to compose the board of directors 17 8.4.2. Appointment of candidates to compose the board of directors 18 2 1046878v3 8.4.3. Information on the election of chairman of the board of directors 20 8.5. Instatement of the Company’s Board of Auditors 20 8.6. Definition of the number of members of the Company’s Board of Auditors 21 8.7. Election of the members of the Company’s Board of Auditors 22 8.7.1. Candidates nominated by the Company’s management 22 8.7.2. Nomination of one or more candidates to compose the Board of Auditors 23 8.8. Definition of the annual global compensation of management and members of the Board of Auditors for the Fiscal Year of 2015 24 8.8.1. Global compensation amount of the managers 24 8.8.2. Amounts to be allocated per management body 25 8.8.3. Comparison of the proposed compensation and the compensation of the previous fiscal year 26 8.8.4. Comparison of the proposed amounts of the previous fiscal year and the realized amounts 28 8.8.5. Compensation of the board of auditors 29 8.8.6. Additional information on compensation 29 8.9. Alteration of the newspapers in which the Company usually does its publications 29 9. CONCLUSIONS 30 EXHIBIT I 31 EXHIBIT II 74 EXHIBIT III 76 EXHIBIT IV 90 EXHIBIT V 98 3 1046878v3 PDG REALTY S.A. EMPREENDIMENTOS E PARTICIPAÇÕES Publicly-held Corporation Corporate Taxpayer ID (CNPJ) No. 02.950.811/0001-89 Company Registry (NIRE) 33.3.00285.199 | CVM Code No. 20478 ORDINARY SHAREHOLDERS’ GENERAL MEETING TO BE HELD ON APRIL 29, 2015 MANAGEMENT PROPOSAL Messrs. Shareholders, The management of PDG REALTY S.A. EMPREENDIMENTOS E PARTICIPAÇÕES, corporation, with its corporate acts filled before JUCERJA under the Company Registry (NIRE) 33.3.00285.199, enrolled before the Corporate Taxpayer ID (CNPJ) No. 02.950.811/0001-89, registered before the Brazilian Securities Commission (“CVM”) as a level “A” public held corporation, under the code 20478 (“PDG” or “Company”), in accordance with Law No. 6,404, from December 15, 1976, as amended (“Brazilian Corporation Law”), and of CVM Instruction No. 481, from December 17, 2009, as amended (“ICVM 481/2009”), hereby submits to You this proposal (“Proposal”) to be sent for resolution at the Ordinary Shareholders’ General Meeting to be held on April 29, 2015, at 10 a.m., at the Company’s headquarters (“General Meeting”). 1. PURPOSE The purpose of this Proposal is the analysis of the matters which shall be reviewed, discussed and voted at the General Meeting pursuant to the following agenda: (i) the management accounts, the management report, the Company’s financial statements and the report of the independent auditors relating to the fiscal year ended on December 31, 2014; (ii) the management proposal for the allocation of the results of the fiscal year ended on December 31, 2014; 4 1046878v3 (iii) the definition of the number of members of the Company’s Board of Directors; (iv) the election of the members for the Company’s Board of Directors; (v) the instatement of the Company’s Board of Auditors; (vi) the definition of the number of members of the Company’s Board of Auditors; (vii) the election of the members for the Company’s Board of Auditors; (viii) the annual global compensation of the management and members of the Board of Auditors for the fiscal year of 2015; and (ix) the alteration of the newspapers in which the Company usually does its publications. 2. DOCUMENTS AVAILABLE TO THE SHAREHOLDERS The Company’s management in compliance with the provisions of article 133 of the Brazilian Corporation Law, article 9 of ICVM 481/2009 and article 21 of CVM Instruction No. 480, from December 7, 2009, as amended (“ICVM 480/2009”), made available to the Shareholders over one (1) month in advance from the date scheduled for holding the General Meeting the following documents: (i) management report on corporate business and main management facts of the fiscal year ended December 31, 2014; (ii) accounting statements relating to the fiscal year ended December 31, 2014; (iii) independent auditors annual report; (iv) board of auditors’ opinion; (v) standardized financial statements form - DFP; and (vi) this proposal for the General Meeting. The documents listed above are available to the Shareholders at the current and future headquarters of the Company as indicated below and at the websites belonging to the Company (http://www.pdg.com.br/ri), to CVM (http://www.cvm.gov.br/) and to BM&FBOVESPA S.A. – Bolsa de Valores, Mercadorias e Futuros (http://www.bmfbovespa.com.br/) on the world wide web 5 1046878v3 (internet). Pursuant to the Management’s Proposal released by the Company on March 18, 2015, one of the matters to be voted on the Company’s extraordinary shareholders’ general meeting to be held, at first call, on April 6, 2015, is the alteration of the Company’s headquarters and judicial district from the City of Rio de Janeiro, State of Rio de Janeiro, to the City of São Paulo, State of São Paulo. In this regard, assuming that the alteration of the Company’s headquarters will be approved in the above mentioned general meeting and in accordance with the Brazilian corporation laws, the General Meeting shall be held at the office building where the new headquarters of the Company shall be located, in the City of São Paulo, State of São Paulo, at Avenida Engenheiro Luis Carlos Berrini, No. 105, 11th floor, Cidade Monções, Zip Code: 04571-010. Company’s current headquarters: City of Rio de Janeiro, State of Rio de Janeiro, at Rua da Quitanda, No. 86, 4th floor (part), Centro, Zip Code: 20.091-005. Company’s headquarters on the date of the Ordinary Shareholders’ General Meeting: City of São Paulo, State of São Paulo, at Avenida Engenheiro Luis Carlos Berrini, No. 105, 11th floor, Cidade Monções, Zip Code: 04571-010. 3. GENERAL MEETING CALL Under the terms of article 124 of the Brazilian Corporation Law, the General Meeting shall be called by call notice published for three (3) times at least in the newspaper usually used by the Company, including, in addition to the location, date and times of the meeting, also the agenda. Pursuant to the applicable law and recommendation of Circular-Official Letter/CVM/SEP/No. 02/2015, the first publication of shareholders’ meeting call notice of publicly- held corporations occurred on the date hereof, therefore, over thirty (30) days in advance from the General Meeting, at the Official Gazette of the State of Rio de Janeiro, at the Official Gazette of the State of São Paulo and in the newspaper Valor Econômico – Rio de Janeiro and São Paulo. 4. PLACE OF THE GENERAL MEETING In general, the shareholders’ meetings are held at the building in which the Company’s headquarters are located. Holding the meeting outside the Company’s headquarters is admitted in exceptional situations of force majeure and Acts of God, but even so the meeting shall be held at the place of the Company’s headquarters (Brazilian Corporation Law, article 124, § 2). 6 1046878v3 As described above, pursuant to the Management’s Proposal released by the Company on March 18, 2015, one of the matters to be voted on the Company’s extraordinary shareholders’ general meeting to be held, at first call, on April 6, 2015, is the alteration of the Company’s headquarters and judicial district from the City of Rio de Janeiro, State of Rio de Janeiro, to the City of São Paulo, State of São Paulo. In this regard, assuming that the alteration of the Company’s headquarters will be approved in the above mentioned general meeting and in accordance with the Brazilian corporation laws, the General Meeting shall be held at the office building where the new headquarters of the Company shall be located, in the City of São Paulo, State of São Paulo, at Avenida Engenheiro Luis Carlos Berrini, No. 105, 11th floor, Cidade Monções, Zip Code: 04571-010. 5. ATTENDANCE AT THE GENERAL MEETING Under the terms of article 126, of the Brazilian Corporation Law, and of article 10, § 1 and § 2 of the Company’s Bylaws, in order to attend the General Meeting, the shareholders shall submit to the Company the following documents: (i) identity card (General Registration Identity Card (RG), Driver’s License (CNH), passport, identity cards issued by professional associations and work cards issued by the bodies of the Public Administration, provided that they show a picture of the holder thereof); (ii) proof of ownership of shares issued by the institution in charge of the bookkeeping of the Company’s shares which is recommended to have been issued at most five (5) days before the date of holding of the General Meeting; (iii) power of attorney with the grantor’s signature certified in case of attendance by proxy; and/or (iv) regarding the shareholders taking part in the fungible custody of registered shares, the statement including the corresponding equity holdings issued by the proper body.
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