(Commission File No. 1-14862 )

Information on Appraisers

(Appendix 21 to ICVM 481)

1.         List the appraisers recommended by the management

The management of Braskem S.A. (“Braskem” or “Company”) hired Brand Serviços de Contabilidade Sociedade Simples Ltda., established in the city of Salvador, state of Bahia, at Rua Dr. José Peroba, nº 149, Edif. Eldorado, Sala 301, CEP 41770-235, registered with the Regional Accounting Council of Bahia (CRC) under no. 005188/O, inscribed in the corporate taxpayers register (CNPJ) under no. 08.928.364/0001-48 (“Brand”), to prepare the valuation report of the net book value of Braskem Qpar S.A. (“Braskem Qpar”).

2.         Describe the qualification of the recommended appraisers

Brand was recommended by the management of Braskem to prepare the valuation report of the net book value of Braskem Qpar as it is technically qualified to perform such activity. In addition, Brand is a multifunctional company providing consulting and audit services, with vast experience in projects of this nature, having prepared numerous similar reports for other large companies, both publicly and privately held.  Moreover, the partner responsible for preparing the report has over 24 years of experience in providing audit and consulting services to companies registered with the Securities and Exchange Commissions of both Brazil and the United States (CVM and SEC), having worked for over 12 years in the world’s largest audit companies (the big four).

3.         Provide a copy of the proposed work and compensation of the recommended appraisers

A copy of the proposed work and compensation of the appraisers has been made available to the shareholders of the Company via the IPE System and may be consulted at the websites of the CVM (www.cvm.gov.br) and BM&FBOVESPA (www.bmfbovespa.com.br).

4.         Describe any material relationship in the last three (3) years between the appraisers recommended and parties related to the company, as defined by the accounting standards that govern this matter

Brand provided other accounting consultancy services to the company that holds the ownership control of the Company, its subsidiaries and the subsidiaries of the Company itself. 

EXHIBIT 1

BRASKEM S.A.

CNPJ/MF No. 42.150.391/0001-70

FISCAL BOARD'S OPINION

The undersigned members of the Fiscal Board of Braskem S.A., in the exercise of their authority set forth in article 163, item III of Law No. 6,404/76, at a meeting held on the date hereof, after reviewing all of the documents related to the proposal of merger of Braskem Qpar S.A. (“Braskem Qpar”) into the Company, namely: Protocol and Justification of the transaction, setting out the reasons, purposes, criteria and conditions for the transaction, Book Appraisal Report on the Net Equity of Braskem Qpar, as of the base date of September 30, 2014, prepared by Brand Serviços de Contabilidade Sociedade Simples Ltda., for purposes of accounting entries in Braskem S.A., and the Financial Statements of Braskem Qpar, unanimously stood for the regularity of the documents reviewed, and for this reason, they are of the opinion that the merger transaction and the legal effects thereof lawfully represent the interests of the Company's shareholders and comply with the applicable legal and statutory rules and procedures, giving a favorable opinion as to the approval of the documents and proposal referred to above by the Shareholders' Extraordinary General Meeting to be timely convened.

São Paulo, November 4, 2014.

Manoel Mota Fonseca

Full Member

Sede-Fábrica: Camaçari/BA - Rua Eteno, 1561, Polo Petroquímico de Camaçari - CEP 42810-000 - Tel.(71) 3413-1000

Escritórios: Salvador/BA - Av. Antonio Carlos Magalhães, 3224, 20,21 e 22 andares, Caminho das Arvores, Pituba - CEP 41.820-000  São Paulo/SP – Rua Lemos Monteiro, 120 Butanta, CEP. 05501-050 – Tel. (11) 3576-9999 – Fax (11) 3576-9197

Salvador - Bahia, October 2, 2014

Braskem QPar S.A. ("Braskem QPar")

Rio de Janeiro – RJ

Att: Mr. Joel Benedito Júnior

We very much appreciate the opportunity of presenting our proposal for rendering professional services in relation to issuing an appraisal report of the book value of shareholders’ equity of Braskem QPar S.A. ("Braskem QPar") as at September 30, 2014, with the main objective of contributing towards the corporate restructuring of the Company in 2014. This appraisal report shall be issued based on the auditing standards applicable in Brazil, mainly NPA 14 – APPRAISAL REPORTS BY INDEPENDENT AUDITORS, issued in September, 2007.

We would like to take this opportunity to thank you for the timely information received, which permitted us to obtain a clear understanding of your expectations and requirements, which we hall be focusing on during our work.

The present proposal reflects our enthusiasm in rendering differential services with quality and commitment.

We look forward to a successful working relationship and remain at your entire disposal for any further clarifications you may deem necessary.

Sincerely,

Brand Serviços de Contabilidade Dário Bezerra Moreira Sampaio Sociedade Simples Ltda. Accountant CRC 1BA016727/O-1 CRC BA 005188/O CNAI 3397 CVM 548.247.705-30

 The Company is a subsidiary of Braskem S.A.;

  Its main assets and liabilities are : Cash and cash equivalents, Accounts receivable, Inventory, Recoverable taxes, Property, plant and equipment, Suppliers, Financing,, Obligations to related parties and Net equity;

 The financial statements of Braskem QPar as at December 31, 2013 were audited by independent auditors and an unqualified report was issued, and equity was reviewed by independent auditors in the context of the interim financial information (ITR) of Braskem S.A. as at March 31 and June 30, 2014, who issued unqualified limited review report.

 For issuing the appraisal report, the following conditions are relevant, cumulative and foregoing:

§    Presentation of the final interim financial information (ITR) as at September 30, 2014 of Braskem; and

Prior availability of all the information and documents necessary of Braskem QPar as at September 30, 2014, for our evaluation and preparation of our work-papers for substantiating and issuing the appraisal report of Braskem QPar as at September 30, 2014. These documents and information shall be the object of prior request by our team before beginning the work.

	(4)

Appraisal report of the book value of shareholders’ equity of Braskem QPar as at September 30, 2014, for the purpose of a corporate restructure in 2014 (continuation)

Scope of the Services and of the Responsibility of the Professional

The scope of the appraisal services should correspond to the provisions established in NBC T 11 – Standards for Independent Auditing of the Financial Statements, observing the standards and application of technical procedures and documentation required for performing audits, which procedures should be adapted to the circumstances, once the services for issuing an appraisal report for any period, the procedures applied are mainly directed to the amounts included in the balance sheet, therefore not guided towards examining the statements of income, origins and application of resources and/or changes in equity for the period ended on the base-date of the appraisal report. Similar focus is applicable when the appraisal report refers to accounting records.

It is the understanding of IBRACON that the nature of the limited review or agreed-upon procedures with management of the entity is not consistent with the objectives of an appraisal report. Nevertheless, there is nothing to hinder that procedures previously performed by an auditor in a prior audit, engaged by the entity, to be considered in the planning of the services of an appraisal report, also occurring with the use, as appropriate, of auditing procedures applied in an audit of the financial statements, for a close prior period or procedures related to an audit in progress (preliminary audit services) of the financial statements for a subsequent period, in accordance with items 39 to 43 of the mentioned NPA.

Inherent Situations to Issuing Appraisal Reports

Listed below are certain situations which the independent auditor may come across during the execution of appraisal services.

	(7)

Appraisal report of the book value of shareholders’ equity of Braskem QPar as at September 30, 2014, for the purpose of a corporate restructure in 2014 (continuation)

Scope limitations of the Appraisal (continuation)

In such cases where existing limitation is not quantifiable, such as the non-execution of physical counting of inventory, the relevance attributable to this item in the entirety of the assets and liabilities subject to appraisal shall be fundamental for the decision of issuing or not the conclusive appraisal report. Under such circumstances, the standards for the services of an independent auditor determine that the auditor, in view of the relevance of the limitation: (i) issue an audit report without any qualification or (ii) issue a qualified audit report or abstain from issuing any opinion, due to the scope limitation. Nevertheless, for the purpose of issuing appraisal reports, the existence of material limitations is inconsistent with the nature and objective of the appraisal and, therefore, it is not acceptable to issue appraisal reports with a non quantified qualification. Should the auditor verify restrictions to the work and face any impossibility in issuing a conclusive appraisal report, a letter should be forwarded to the contracting party, identifying the reasons leading to this decision.

Future and Undetermined Events (Uncertainties)

During the performance of the works, the auditor may identify uncertainties in which the solution depends on future events, but which, if the solution were known before issuing the report, these could affect the intended appraisal. The underlying premise for the issue of an appraisal report is the fact that the values of the appraised components reflect the transactions occurred up until the base-date, observing subsequent events that could generate adjustments to the balance of the mentioned base-date, in compliance with the accounting standards. In this manner, in principle, the mentioned uncertainties should not be mentioned in the conclusive appraisal report. Nevertheless, appraisal reports may be issued and used as essential instruments in the negotiation process of assets and liabilities. The necessity of issuing a conclusive appraisal on accounting items that are registered on certain dates does not hinder the auditor from disclosing certain relevant uncertainties which, if known, could significantly alter the course of the negotiations in progress and, thus, lead to the adoption, between the parties, contractual clauses conditioned or restricted to future facts. This fact should be disclosed in an explanatory paragraph after the conclusive paragraph, which should begin with an expression that makes it clear that this is not a qualification, such as “without altering the net asset value”.

	(9)

Appraisal report of the book value of shareholders’ equity of Braskem QPar as at September 30, 2014, for the purpose of a corporate restructure in 2014 (continuation)

EXAMPLE OF AN APPRAISAL OF THE BOOK VALUE OF SHAREHOLDERS’ EQUITY IN ACCORDANCE WITH THE ACCOUNTING RECORDS

ABC Company

Information of the company issuing the appraisal report

1(Company issuing the appraisal report), a society established in the city of ______________________, at ____________, registered under the Corporate Tax Registration(CNPJ/MF) Number____________, originally registered in the Regional Accounting Council of the State of Bahia under number ____________, with its articles of association registered in the ______ Registry Office of Legal Entity and Civil Registry (city/state) on (date), and posterior alterations registered in the ___________ Registry Office of Legal Entity and Civil Registry of (city/state), with the last alteration, dated ________________, recorded in a microfilm number.

________ on _________, represented by its undersigned partners, _______________________, Brazilian, married, accountant, bearer of identity card RG ____________, enrolled in the individual taxpayers’ registry (CPF) under number _________ and in the Regional Accounting Council of the State of __________ under number ___________, resident and domiciled at ________________ Municipality of __________, state of __________, with offices at the same address as the principal appointed specialist by ABC Company, to proceed with the appraisal of the net equity as at ______________, in accordance with the accounting practices adopted in Brazil, hereby submits the results of its assignment.

Objective of the appraisal

2To determine the book value of shareholders’ equity, as at _______________, of ABC Company for the purpose of (describe the purpose of the appraisal).

	(11)

Appraisal report of the book value of shareholders’ equity of Braskem QPar as at September 30, 2014, for the purpose of a corporate restructure in 2014 (continuation)

EXAMPLE OF AN APPRAISAL OF THE BOOK VALUE OF SHAREHOLDERS’ EQUITY IN ACCORDANCE WITH THE ACCOUNTING RECORDS (CONTINUATION)

Scope of the services

3 The appraisal report of the book value of shareholders’ equity is being issued based on the audit of the balance sheet as at _____________________________, prepared under the responsibility of Company Management.

4 Our audit was conducted in accordance with the auditing standards generally accepted in Brazil, comprising, among other procedures: (a) planning of the audit services, considering the materiality of the balances, volume of transactions, accounting systems and internal controls of the Company and the results of the audits of the financial statements of the Company for prior periods performed by independent auditors, including the limited review of the interim financial information (ITR) as at September 30, 2014 of Braskem S.A., with a review of the shareholders’ equity for the purpose of equity accounting and consolidation of the financial statements; (b) verification, based on tests, evidence and records that serve to support the amounts submitted; and (c) assessment of the most significant accounting policies and estimates adopted by Company Management.

Conclusion

5 Based on the services performed, we have concluded that the book value of assets, rights and obligations that are part of the net equity of ABC Company, in accordance with the balance sheet as at _______________, summarized in the Attachment, is of R$ ________ (in writing) and is recorded in the accounting register in accordance with the Brazilian accounting practices.

City, _____________ , 20XX

Name of Company issuing Appraisal Name of accountant responsible CRC number CRC number

	(12)

(Convenience translation into English from the original previously issued in Portuguese)

Braskem QPAR S.A.

Appraisal report of the book value of shareholders’
equity as at September 30, 2014 for the purpose of a
statutory merger with Braskem S.A.

Appraisal report of the book value of shareholders’ equity as at September 30, 2014 for the purpose of a statutory merger with Braskem S.A.

Information of the company responsible for issuing the appraisal report

Brand Serviços de Contabilidade Sociedade Simples, a society established in the city of Salvador-Bahia, at Rua José Peroba, 149, Ed. Eldorado, 3rd floor, room 301 - Stiep, CEP: 41.770-235, registered under the Corporate Tax Registration(CNPJ/MF) Number 08.928.364/0001-48, originally registered in the Regional Accounting Council of the State of Bahia under number BA005188/O, with its articles of association registered in the First Registry Office of Legal Entity Civil Registry of Salvador – Bahia on June 20, 2007, recorded in a microfilm number. 22781, on June 20, 2007, represented by its undersigned partner, Mr. Dário Bezerra Moreira Sampaio, Brazilian, married, accountant, bearer of identity card RG 03262242 20, enrolled in the individual taxpayers’ registry (CPF)  under number 548.247.705-30 and in the Regional Accounting Council of the State of Bahia under number 1BA016727/O-1 S SP, resident and domiciled at Rua Saldanha Marinho, 102, house 04, Caixa D’água, CEP 40.323-010, Municipality of Salvador, state of Bahia, with offices at the same address as the principal appointed specialist by Braskem QPAR S.A.("Company"), registered under the Corporate Tax Registration (CNPJ/MF) number  09.017.802/0001-89, to proceed with the appraisal of the net equity as at September 30, 2014, for the purpose of statutory merger at Braskem S.A., in accordance with the accounting practices adopted in Brazil, hereby submits the results of its assignment.

Objective of the appraisal

1.       To determine the book value of shareholders’ equity of Braskem QPAR S.A. as at September 30, 2014, to be incorporated by Braskem S.A. registered in the Corporate Tax Registration (CNPJ/MF) under number 42.150.391/0001-70, as described in item 4, below.

Scope of the services

2.      The appraisal report of the book value of shareholders’ equity of Braskem QPAR S.A., is being issued based on the balance sheet as at September 30, 2014, prepared under the responsibility of Company Management.

Scope of the services

3.      Our audit was conducted in accordance with the auditing standards generally accepted in Brazil, comprising, among other procedures:

(a) planning of the audit services, considering the materiality of the balances, volume of transactions, accounting systems and internal controls of the Company and the results of the audits of the financial statements of the Company for prior periods performed by independent auditors, including the limited review of the interim financial information (ITR) as at September 30, 2014 of Braskem S.A., with a review of the shareholders’ equity for the purpose of equity accounting and consolidation of the financial statements; (b) verification, based on tests, evidence and records that serve to support the amounts submitted; and (c) assessment of the most significant accounting policies and estimates adopted by Company Management.

Conclusion

4.      Based on the services performed, we have concluded that the book value of shareholders’ equity of Braskem QPAR S.A. to be incorporated by Braskem S.A., as at September 30, 2014 is worth R$ 6,017,355,373.36 (six billion, seventeen million, three hundred and fifty-five thousand, three hundred and seventy-three reais and thirty six cents) and is recorded in the accounting registers, in accordance with the Brazilian accounting practices.

5.      In compliance with the requirements of the Brazilian Securities Commission (CVM), we hereby inform that:

a)       in accordance with the professional standards established by the Federal Accounting Council (CFC), we are not aware of any conflicts of interest, whether direct or indirect, or any other circumstance which otherwise represent conflict of interest in relation to the service above, described in Item 3; and

b)       we are not aware of any action by the controlling company or Company’s Management intended to restrain, impair or practice any actions which have or might have compromised access to, use of or awareness of information, assets, documents or work methodologies that are material to the quality of this report.

Rio de Janeiro - RJ, November 4, 2014

Brand Serviços de Contabilidade Sociedade Simples

CRC BA005188/O

Dário Bezerra Moreira Sampaio

Accountant CRC1BA016727/O-1 S RJ

CNAI 3397

CVM 548.247.705-30

Integrated and indivisible attachment of the appraisal report of the book value of shareholders’ equity as at September 30, 2014 of Braskem QPAR S.A. for the purpose of a statutory merger with Braskem S.A., issued by Brand Serviços de Contabilidade Sociedade Simples, on November 4, 2014

Braskem QPAR S.A.

Balance sheet as at September 30, 2014

5

Braskem Qpar S.A.

Financial Statements
at September 30, 2014

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.