Notice to Shareholders - Payment of Dividends

Rio de Janeiro, April 24, 2014 - QGEP Participações S.A. ("Company") (BM&FBOVESPA: QGEP3) hereby announces that the payment of dividends corresponding to the results for the fiscal year ending December 31, 2013, in the total amount of R$40,000,000.00, or R$0.1551275835 per share, will take place on May 5, 2014, as resolved in the Company's Annual Shareholders' Meeting held on April 16, 2014.

Dividends will be paid to shareholders of record as of April 16, 2014. As of April 17, 2014, the Company's shares are considered to be trading "ex-dividend".

Additional information can be obtained through Banco Itaú's Shareholders' Service on the following phone numbers: +55 (11) 3003-9285 (Capital and Metropolitan regions) or +55 0800 720 9285 (Other locations) and through the e-mail investfone@itau.com.br.

For additional information, please contact the Company's Investor Relations team:

Phone: 55 21 3509-5959

E-mail: ri@qgep.com.br

www.qgep.com.br/ri

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