Extraordinary Shareholders' Meeting Call Notice To be held on April 30, 2014

BHG S.A. - Brazil Hospitality Group ("BHG" or "Company"), a corporation with headquarters at Rua Ramos Batista, nº 444, 10º andar, in the city and state of São Paulo, inscribed in the roll of corporate taxpayers ("CNPJ/MF") under number 08.723.106/0001-25, registered with the Brazilian Securities and Exchange Commission ("CVM") as a publicly-held company category "A" under the registration number 20907, whose shares are traded at the Novo Mercado listing segment of the BM&FBOVESPA S.A. - Securities, Commodities and Futures Exchange ("BM&FBOVESPA") under the ticker BZHG3 ("Company"), in accordance with Article 124 of Law 6,404 of December 15, 1976, as amended ("Brazilian Corporation Law") and Articles 3, 4 and 5 of CVM Instruction 481 of December 17, 2009, as amended ("CVM Instruction 481"), hereby calls its shareholders to the Extraordinary Shareholders' Meeting ("Shareholders' Meeting"), to be held at 2:00 p.m. on April 30, 2014 at the Company's headquarters to examine, discuss and vote on the following agenda ("Call Notice"):

(i) The election of the members of the Board of Directors, with mandate until the Company's Annual Shareholders' Meeting that will examine the accounts for the fiscal year ending December 31, 2014, due to the resignations registered and filed at the Board of Directors' Meetings held on February 5, 2014 and April 15, 2014;

(ii) The amendment of Article 2 of the Company's Bylaws to change the location of the Company's headquarters from the city and state of São Paulo to the city and state of Rio de Janeiro, granting the Company's Board of Directors the powers to determine and change the Company's address within the territorial limits established in the Company's Bylaws;

(iii) The amendment of Article 3 of the Company's Bylaws to detail the exploration of the hotel activity already conducted by the Company in Brazil and abroad, through the management of owned and third-party hotels and service flats, directly or through its subsidiaries;

(iv) The amendment of Article 5 of the Bylaws to update the amount of the Company's capital stock and number of shares given the capital increases carried out within the limit of the authorized capital; and

(v) The consolidation of the Company's Bylaws in view of the proposals in items (ii), (iii) and (iv) above.

Click here to access the ESM Call Notice.

Click here to access the ESM Management's Proposal.

São Paulo, April 15, 2014

RUBENS MARIO MARQUES DE FREITAS
CHAIRMAN OF THE BOARD OF DIRECTORS

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