Brazil's Hapvida Acquires 20 Million Shares Under Buyback Program

About this update from Hapvida Participacoes E Investimentos Sa

Hapvida Participacoes e Investimentos SA BMFBOVESPA:HAPV3:SAYS IT BOUGHT BACK 20 MILLION SHARES SINCE NOVEMBER 13 - FILINGSAYS CONTROLLING SHAREHOLDER PPAR INCREASES STAKE IN THE COMPANY TO 41.43%SAYS COMPANY, CONTROLLING SHAREHOLDERS BELIEVE THAT MARKET REACTION TO Q3 RESULTS DOES NOT REFLECT FUNDAMENTALS, LONG-TERM PROSPECTSSAYS PINHEIRO FAMILY COMMITTED TO CONTINUE ALLOCATING THEIR OWN RESOURCES IN THE BUSINESS

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