SUL AMÉRICA COMPANHIA NACIONAL DE SEGUROS SUL AMÉRICA S.A.

Corporate taxpayers' ID (CNPJ/MF) nº 29.978.814/0001-87
Company Registry (NIRE) 3330003299-1

Authorized Capital Publicly-held Company Notice to Shareholders - Payment of Dividends - SulAmérica hereby informs its

Shareholders that, as approved by the Board of Directors in the meeting held on April
29, 2015, as of May 15 the Company shall start payment of interim dividends for the first quarter of 2015, in the amount of R$0.012 per Company's common or preferred shares not represented by unit, and R$0.036 per unit, totaling, approximately, twelve million reais (R$12 million). Shall be entitled to receive the dividends, shareholders in the Company's records on April 29, 2015. We also clarify that the shares shall be negotiated ex-dividends as of April 30, 2015.
For further information and/or clarifications, shareholders may contact the specialized branches listed below or any other branch of Itaú Unibanco, during banking business hours.
. Belo Horizonte (MG): Av. João Pinheiro 195, subsolo

.

Brasília (DF):

SCS Quadra 3, bloco A - Edf. Dona Ângela 30, sobreloja

.

Curitiba (PR):

Rua João Negrão 65, sobreloja

.

Porto Alegre (RS):

Rua Sete de Setembro 746, térreo

.

Rio de Janeiro (RJ):

Rua Sete de Setembro 99, subsolo

.

Salvador (BA):

Av. Estados Unidos 50, 2º andar - Edf. Sesquicentenário

.

São Paulo (SP):

Av. Brigadeiro faria Lima, 3400, Itaim

Rio de Janeiro, April 29, 2015. The Management.

distributed by