Notice of Clarification

São Paulo, Brazil, January 2, 2015 - Marisa Lojas S/A hereby clarifies certain information published by this newspaper on December 30, 2014, which suggests a relationship between the Company and "a bank account operated by arrested currency trader" as the title of the article puts it.

Contrary to what was published in the article, Marisa hereby declares that Choco Bijoux Comércio de Roupas e Acessórios do Vestuário LTDA. was its commercial partner between 2009 and December 2012, supplying handbags, belts and other accessories. This partnership was terminated in 2012 for strictly commercial reasons and after this date Marisa has had no involvement with said company, despite the article's claims.

In order to strengthen the ethical standards and transparency that have underpinned Marisa's relations with its various stakeholders in its 67 years of operations, the Company further states that, between 2009 and 2012, it had 411 suppliers in 2009, 561 in 2010, 337 in 2011 and 343 in 2012, having paid three billion, four hundred and fifty-seven million, one hundred and forty-four thousand, one hundred and seventy reais (R$3,457,144,170.00) for goods for resale.

Marisa is entirely at the disposal of the authorities and is fully prepared to present all the documentation related to payments to the company under investigation, from the initial merchandise orders to the effective settlement of the respective invoices through Choco Bijoux's current account with Banco Bradesco.

Finally, given that Marisa is a publicly-held company whose shares are traded on the São Paulo Stock Exchange, its financial statements are periodically published and audited. The Company vehemently denies any involvement in operations that are not in accordance with the applicable legislation and reaffirms its commitment to ethics and transparency in all its relations, guaranteed by its exemplary standards of corporate governance.

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