FIBRIA CELULOSE S FIBRIA CELULOSE S.A.

Publicly-Held Corporation
Corporate Taxpayer ID (CNPJ) No. 60.643.228/0001-21
Company Registry (NIRE) 35.300.022.807 | CVM Code No. 12793

MATERIAL FACT

Pursuant to Article 157, paragraph 4, of Law No. 6,404/76 and CVM Ruling No. 358/2002, as amended, FIBRIA CELULOSE S.A. (BM&FBOVESPA: FIBR3 | NYSE: FBR) ("FIBRIA" or "Company") hereby informs its shareholders and the market in general that, after the conclusion of viability studies and detailed analysis by the Company management since 2014, the Board of Directors in an Extraordinary Board of Directors Meeting held on May 14, 2015 approved the expansion plan of the Company consisting of the construction of a new line of pulp production in the city of Três Lagoas, state of Mato Grosso do Sul, called Horizonte 2 Project.
The Horizonte 2 Project consists in the construction of a new bleached eucalyptus pulp production line with capacity of 1.75 million tons per year and an estimated investment of R$ 7,700,000,000.00 (seven billions and seven hundred millions reais). The startup of the new production line is projected for the fourth quarter of 2017.
The Project will be financed by the free cash flow of the Company and financing, in accordance to the limits established on the Indebtedness Management Policy.
The Company considers appropriate to release this material fact to the market, reinforcing its commitment to transparency with its investors.
São Paulo, May 14 2015.

FIBRIA CELULOSE S.A. Guilherme Perboyre Cavalcanti

Chief Financial and Investor Relations Officer

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