NOTICE TO THE MARKET

The management of MARISA LOJAS S.A. ("Company"), hereby announces that the Board of Directors' Meeting held on April 24, 2014 resolved to approve the raising of funds through the third issue non-convertible unsecured debentures ("Debentures" and "Issue", respectively) for public distribution with restricted placement efforts, pursuant to CVM Instruction 476, of January 16, 2009, as amended ("Restricted Offering" and "CVM Instruction 476", respectively).

The Company will issue twenty thousand (20,000) Debentures with a nominal unit value of ten thousand reais (R$10,000.00), totaling two hundred million reais (R$200,000,000.00). The Issue will be carried out in two series of ten thousand (10,000) Debentures each ("First Series Debentures" and "Second Series Debentures", respectively).

The term of the First Series Debentures is five (5) years as of the issue date, i.e. April 25, 2014 ("Issue Date"); therefore, they mature on April 25, 2019. The term of the Second Series Debentures is seven (7) years as of the Issue Date; therefore, they mature on April 25, 2021.

The entire net proceeds from the Debentures will be used by the Company to reinforce its working capital.

The Restricted Offering is subject to favorable capital market conditions and, in compliance with article 6 of CVM Instruction 476, the Company is automatically exempt from registering the public distribution with the CVM.

This material is exclusively informative in nature, pursuant to the current legislation and should not be construed or considered as an advertising/sales material for the Debentures for all intents and purposes.

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