Marisa Lojas : Material Fact - Plan to Grant the Option to Buy Shares

São Paulo, December 02, 2016

MATERIAL FACT

Pursuant to the provisions of the CVM Instruction No. 358 of January 3, 2002, Marisa Lojas S.A. ('Marisa'), with headquarters in the City of São Paulo, State of São Paulo, located at Rua James Holland, No. 422, Barra Funda, enrolled under the Corporate Taxpayer's ID (CNPJ/MF) No. 61.189.288/0001-89 and with its Acts of Incorporation filed at the Commercial Registry of the State of São Paulo under the State Registry (NIRE) 42.204.672.508, hereby announces to its shareholders and to the market in general that the shareholders of the Company approved, in a Extraordinary Shareholders' Meeting held on December 2, 2016, the Long-Term Incentive Plan with Restricted Shares and the Plan to Grant the Option to Buy Shares, which is intended for the employees and executive officers of the Company and of the companies under its control. The Company announces that the option to buy shares granted pursuant to the Plan to Grant the Option to Buy Shares may confer the acquisitions right for a number of shares not exceeding 2.5% (two point five per cent) of the shares representing the total share capital of the Company.

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