RE:Discovery Capital MGT Has Increased Holdings to 15%
NEWS RELEASE
ACQUISITION OF MATERIAL EQUITY INTEREST
Rio de Janeiro, December 11th, 2013 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP) pursuant to the Article 53 of the By-laws of HRT, informs that it has received today a letter from Discovery Capital Management, LLC, on behalf of Discovery Global Citizens America LLC, Discovery Global Focus America LLC , Discovery Global Opportunity America LLC and QP Investimentos LLC, all managed by Discovery Capital Management, LLC ("Discovery"), informing that, on this date it, holds 44,921,397 common shares issued by HRT, which represent approximately 15.1013% of the total capital stock of the Company.
According to the information provided in the referred letter, Discovery informs that the purpose of the above-mentioned equity interest is strictly of investment, and there is no current plan to change the control composition or the management structure of the Company.
Additionally, Discovery informed that, with the exception to the securities mentioned above, they do not hold and have no knowledge of people connected to it holding convertible debentures, warrants, subscription rights to shares or options to purchase shares of the Company, as well as that it did not conclude any contracts or agreements regulating the exercise of voting rights or the purchase and sale of securities issued by HRT.
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