Marisa Lojas : Notice to Shareholders - Bonus Share Issue

São Paulo, August 21, 2015 - We hereby inform the shareholders that the Company's Extraordinary Shareholders' Meeting held on August 21, 2015 resolved on the following matter, as proposed by Management:

(i) Capital Increase: approved the subscription and paying in of a capital increase of R$238,103,423.91, raising the Company's capital from R$661,493,441.09 to R$899,596,865.00 through the capitalization of amounts booked in the Profit Reserve account of the Company's Statutory Reserves;

(ii) Bonus Share Issue: approved a bonus share issue of 10%: given the above-mentioned capitalization of reserves, the Company will issue 18,553,273 new common book-entry shares with no par value as a bonus in the proportion of 1 new common share for each 10 common shares held by the shareholders on the reference date, observing the following.

(ii.a) Reference Date: shareholders of record on August 25, 2015 will be entitled to receive the bonus shares;

(ii.b) Share Trading: existing shares will continue to be traded with rights to the bonus issue until August 25, 2015; as of August 26, 2015, shares will be traded ex-bonus-rights;

(ii.c) Rights of Bonus Shares: the shares received as a bonus will have the full right to any dividends and/or interest on equity declared as of August 25, 2015. The new shares arising from the bonus issue will be credited to shareholders' positions on August 31, 2015;

(ii.d) Fractions of Shares: the bonus will be in whole numbers only; shareholders wishing to transfer fractions of shares resulting from the bonus issue may do so between August 31 and September 30, 2015, pursuant to paragraph 3 of Article 169 of Law 6404/76; Once this period is over, any unsubscribed fractions will be separated, grouped into whole numbers and sold on the BM&FBOVESPA S.A. - Securities, Commodities and Futures Exchange and the proceeds of the sale will be made available to the holders of said fractions on a date to be disclosed in due course; and

(ii.e) Acquisition Cost of the Bonus Shares: the cost attributed to the bonus shares is R$12.8335000 per share, for the purpose of paragraph 1 of Article 47 of Federal Revenue Service Instruction 1022 of April 5, 2010.

(iii) Merger of Subsidiaries: approved the Protocols and Justifications of Merger entered into on June 30, 2015 by the Company's management and each of the following subsidiaries in relation to their merger by the Company: (i) Fashion Comércio Atacadista de Artigos de Vestuário Ltda., (ii) Siará Comércio Atacadista de Artigos do Vestuário Ltda., (iii) Estilo Comércio, Transportes e Serviços Ltda., (iv) Albatroz Comércio Atacadista de Artigos do Vestuário Ltda., (v) Studio Comércio Varejista do Vestuário Ltda.

For further information, contact Investor Relations: