Marisa announces new Chairman of the Board of Directors

São Paulo, April 17, 2014 - Marisa hereby announces that as of today Marcio Goldfarb is no longer Chairman of the Board of Directors. Mr. Goldfarb will remain as the Company's Chief Executive Officer and Board of Directors member. Israel Vainboim, an independent member elected in 2013, has been elected Chairman of the Board.

Gustavo Wigman has joined the Board of Directors as the new member representing minority shareholders.

Marisa believes this is a significant step in its trajectory of over 65 years and that the changes reflect the Company's excellence. These changes in Marisa are benchmarks and are not only intended at complying with the new regulations of the Novo Mercado, the BMF&Bovespa's highest level of corporate governance, but aim to go beyond that with the appointment of an independent member as Chairman of the Board of Directors.

Marisa's Board of Directors is now composed of six members: Decio Goldfarb, Denise Goldfarb and Marcio Goldfarb, in addition to the independent members, Cassio Casseb and Israel Vainboim (Chairman), and the representative of minority shareholders, Gustavo Wigman.

For further information, contact Investor Relations:

Investor Relations:
Phone: +55 (11) 2109-3121 / 6269
E-mail: dri@marisa.com.br
Website: www.marisa.com.br/ir

About Marisa:
Marisa is the largest women fashion retailer in Brazil focused on the Brazilian emerging middle class. The Company has 410 stores and sales area of 416,7 thousand square meters, with presence in all Brazilian States. Founded over 60 years ago, Marisa is a strongly recognized brand in the market. The Company's business model is based on multi-format stores - Marisa Expanded Mix, Marisa Feminine, Marisa Lingerie - evenly distributed between street stores and shopping mall stores, which provide great flexibility for growth, besides e-commerce and direct sales channels that contributes to reach our customer all over the country. Additionally, Marisa operates a financial services platform that provides financing to its retail customers.

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