Notice to Shareholders

Data:	22/02/2016
Veículo:	Jornal do Comércio

MONTEIRO ARANHA S.A.
Public Listed Company
CNPJ 33.102.476/0001-92

NOTICE TO SHAREHOLDERS

We hereby announce to shareholders that, at a meeting of the Executive Board held on 29.12.2015, the distribution of interest-on-equity was approved in the gross amount of R$ 47,000,000.00. The payment of the 2nd and last tranche of R$ 17,000,000.00 (seventeen million reais), will be paid out in the ratio of R$ 1.38761679346083 per share, from March 1, 2016 onwards.

1.   INTEREST-ON-EQUITY– 2nd TRANCHE

1.1.   Interest-on-equity in the gross amount of R$ 17.000.000,00, paid out in the ratio of R$ 1,38761679346083 Perthshire, calculated on the 12,251,221 shares that represent the paid-up capital;

1.2.   Those holding shares in the Company as that 29.12.2015 will be entitled to this interest-on-equity distribution;

1.3.   Income tax will be retained at source, in accordance with the legislation in force.

Corporate shareholders able to prove exemption or immunity will not be subject to this retention of income tax, the documentary proof of which must be provided at a branch of Itaú Unibanco S.A.

2.    SERVICE TO SHAREHOLDERS

2.1. Shareholders who have provided their bank account details will have their credits made available in accordance with the current account details registered with Itaú Unibanco S.A. For shareholders who have not provided such details, Itaú Corretora de Valores S.A.. as the Depository Financial Institution will be sending out a notice containing payment information, which must be presented at one of the branches below with instructions for processing the respective bank account credit.

2.2. Shareholders that use fiduciary custody services will have their credits made available in accordance with the procedures adopted by the Stock Exchange.

3.    BRANCHES PROVIDING SHAREHOLDER SERVICES

São Paulo - Rua Boavista, 176 – 1º Subsolo - Centro
Rio de Janeiro – Av. Almirante Barroso, 52 – 2º andar
Belo Horizonte - Av. João Pinheiro, 195 – Subsolo – Centro
Porto Alegre - Rua Sete de Setembro, 1.069 – 3º andar – Centro
Curitiba - Rua João Negrão, 65 – Sobreloja - Centro
Salvador - Av. Estados Unidos, 50 - 2º andar - Comércio
Brasília - SCS Quadra 3 - Edifício D’Angela, 30 – Bloco A, Sobreloja - Centro

THE EXECUTIVE BOARD