Grendene : 2nd Distribution of Interim dividends referring to the period up to June 30, 2014

Publicly Held Company

Corporate Taxpayers ID - CNPJ/MF nº 89,850,341/0001-60

Company´s Register: NIRE Nº 23300021118-CE

We are writing to inform shareholders that, the Board of Directors at the meeting held on July 24, 2014, decided "ad referendum" that it will propose to the Ordinary General Meeting that will examine the balance sheet and financial statements for the 2014
financial year, the 2nd distribution of interim dividends in the amount of
R$29,865,909.18 (twenty nine million, eight hundred sixty-five thousand, nine hundred and nine reais and eighteen cents) referring to the period up to June 30, 2014. The dividends will be paid from August 13, 2014, without remuneration or monetary restatement and no withdrawal tax will be imposed on the dividend.
Shareholders whose names were registered with the Company on July 31, 2014 will have the right to receive the interim dividends. The Company's shares will be traded ex-dividend from August 1, 2014 on the BM&FBOVESPA. The shareholders of common shares on this date will receive an interim dividend of R$0.09944695385 per share (excluding treasury shares as legislation).
The payment of the amounts to be distributed will be made as follows:
a) Shareholders who have already provided details of their bank account to Itaú
Unibanco S.A. will have their credit made available through their current account;
b) For shareholders who have not provided details of their bank account, Itaú Unibanco S.A., as the Depositary Financial Institution, will send an advisory notice on the payment to the shareholders, which should be presented at one of its branches with instructions for processing the respective bank account credit.
Sobral (CE), July 24, 2014.

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