Cetip Mercados Organizados : Notice to the Market - Clarification on Published News Articles

Rio de Janeiro, August 8th, 2016 - Cetip S.A. Mercados Organizados ("Cetip" or "Company") (BM&FBOVESPA: CTIP3), in response to the Notice No. 2856/2016-SAE/GAE-2, transcribed below, received on August 5th, 2016, in reference to the news article published on that same date by Agência Estado News, titled "Cetip prevê pico de capex no 3TRI16 e normalização a partir 4TRI16, de 5 a 6% da receita" ("Cetip forecasts peak capex in 3Q16 and normalization starting 4Q16, of 5 to 6% of revenue"), informs that:

1. Throughout 2015 and 2016, Cetip observed a significant increase in office settlement and maintenance and expansion capex, largely related to the investments for the relocation of the IT and operations areas of the Securities business from Rio de Janeiro to Barueri, which include investments in new offices and data centers;

2. The conclusion of the investments in connection with relocation of the IT and operations areas of the Securities business to Barueri is scheduled for the second half of 2016;

3. The information contained in items 1 and 2 above was disclosed by the Company to investors in the Earnings Releases published between the 1st quarter of 2015 and 2nd quarter of 2016, made available to the market both through CVM's Sistema Empresas.NET and in the Company's investor relations website in the respective earnings release dates. Detailed table below:

   1Q15	2Q15	3Q15	4Q15	1Q16	2Q16
   Earnings Release Publication Date	7-May-15	6-Aug-15	5-Nov-15	3-Mar-16	5-May-16	4-Aug-16
   Information about Capex (Port. Doc.)	pgs. 19 e 20	pg. 22	pg. 22	pg. 19	pg. 18	pg. 20

4. As for expectations about the normalization of the investment levels, the value interval utilized as a parameter refers to Cetip's historical levels of investments, not impacted by a one-time large scale project such as the relocation to Barueri, which were around 5 to 6% of net revenue. As reference, the capex/revenue index in 2014 was 5.9%, in 2013 was 6.2% and in 2012 was 5.5%. These pieces of information were made available to the market in the Company's Earnings Releases at the end of each fiscal year, published on March 7th, 2013, on March 20th, 2014 and March 5th, 2015, respectively, as detailed in the table below:

   2012	2013	2014
   Earnings Release Publication Date Information about Capex (Port. Doc.)	7-Mar-13 pg. 20	20-Mar-14 pg. 20	5-Mar-15 pgs. 25 e 26

   Cetip is available to provide any additional clarification necessary.

   Willy Jordan

   CFO and Investor Relations Executive Officer

   August 5th, 2016

   2856/2016-SAE/GAE 2

   Cetip S.A. - Mercados Organizados Att. Sr. Willy Otto Jordan Neto Investor Relations Director

   Subject: Request for clarification of news article

   Dear Sirs,

   In the news article published by Agência Estado - Broadcast, on 08/05/2016, it is informed, among other things, that:

5. this company foresees its capex peak in the third quarter of this year;

6. the expectation is that, in the fourth quarter, the investment level will be normalized, between 5 to 6% of revenue.

We haven't identified these pieces of information in the documents sent by this company through the Empresas.NET System. If that is not the case, please inform the document and the page in which these pieces of information are contained and the date and time that they were sent.

It is worth highlighting that the company must disclose periodic, eventual and additional information that is relevant to the market through the Empresas.NET System, assuring the ample and immediate dissemination and the equal treatment of investors and other market participants.

Having said that, we request clarification for the items above by 08/08/2016, notwithstanding the provisions of the sole paragraph of art. 6 of CVM Instruction 358/02, with your confirmation, or not, as well as any other information you consider important.

The answer of this company should be submitted through the IPE module, by selecting the Category: Material Fact or Notice to the Market, type: Reply to Official Request for Information from CVM/Bovespa and then the subject: Published News Article, resulting in simultaneous transmission of the file to the BM&FBOVESPA and CVM.

We emphasize the obligation, contained in the sole paragraph of art. 4 of CVM Instruction 358/02, to inquire managers and controlling shareholders of the company, in order to ascertain whether they would have knowledge of information that should be disclosed to the market.

The content of the above query formulated must be transcribed before the response of that company in the file sent.

This request falls within the scope of the cooperation agreement signed by CVM and BM & FBOVESPA on 12/13/201 and, not replying to it, makes the company subject to comminatory action fine by CVM's supervision relations-SEP, in connection with CVM Instruction No. 452/07.

08/05/2016 10:57:48 - AE NEWS

CETIP FORECASTS PEAK CAPEX IN 3Q16 AND NORMALIZATION STARTING 4Q16, OF 5 TO 6% OF REVENUE.

São Paulo, 08/05/2016 - After Cetip's investments in the second quarter of the year totaled R$ 29.3 million - an increase of 114.3% compared to the same period last year-, Cetip forecasts peak capex in 3Q16. According to the CEO of the company, Gilson Finkelsztain, the expectation is that on 4Q16, the investment level will be normalized, with an expenditure between 5% and 6% of the revenue.

"We can consider an anticipation of capex, anticipating the future years, with concentrated investments in 2016", said the executive in a conference call with analysts.

Much of this capex growth in the 2Q16 was due to investments in new data centers in Barueri, in connection with the relocation of the technology and operations areas of the Securities business to the new headquarter.

Investments from April to June were: 56.7% for maintenance and expansion of capacity, 38.0% for product development, and 5.4% for offices settlement.

Product development capex from April to June was allocated mainly among the following products: Big Data, CCP; Contracts System, Depository, Electronic Appraisal Report, Liens on Financial Instruments, and Real Estate Platform.

(Fernanda Guimarães - fernanda.guimaraes@estadao.com)