Inside Cremer - Material Fact: 1st Issuance of Promissory Notes

Blumenau, June 11th, 2014

Investor,

Cremer SA ("Company"), pursuant to paragraph 4 of article 157 of Law No. 6404 of December 15, 1976 and Instruction No. 358 of the Securities Commission ("CVM"), dated 03 January 2002, as amended, hereby informs its shareholders, the market in general and other interested parties, that the Board of Directors of the Company in a meeting held on 10 June 2014 ("RCA"), approved the 1st issuance by the Company of five (5) promissory notes, each with a par value of R$ 10,000,000.00 (ten million reais), totaling R$ 50,000,000.00 (fifty million reais) ("the Promissory Notes") for public distribution with restricted placement efforts, pursuant to CVM Instruction 476 ("Issuance"). The Promissory Notes will have the following main characteristics and conditions:

(a) Total Issue Amount: The total amount of the issue will be R$ 50,000,000.00 (fifty million Reais);

(b) Number of Series: the Issuance will made in a single series;

(c) Number of Securities: will be issued 5 (five) Promissory Notes;

(d) Par Value: par value of the Promissory Notes will be R$ 10,000,000.00 (ten million reais) ("Par Value");

(e) the Issue Date and Maturity: The date of issue of the Notes will be the date of its actual subscription and payment ("Issue Date"), and the maturity of the Notes will be up to 360 (three hundred and sixty ) days from the Issue Date ("Expiration Date") (except in case of early termination and total buyback);

(f) Amortization of Par Value: The Par Value of each of the Promissory Notes will be paid in full on the Maturity Date or the date of any Early Redemption of the Notes (as defined in the RCA) or the date of any antecipated maturity, the terms and conditions to be set out in the Promissory Notes, whichever comes first, plus Compensation, as defined below, calculated pro rata from the date of issuance of each of the Notes until the date of actual payment;

(g) Remuneration: The Promissory Notes will be entitled to payment of interest corresponding to 100% (one hundred percent) of the accumulated variation of average daily DI - Interbank Deposits, extra-group over ("DI Rate"), calculated and published daily by CETIP in the daily bulletin on its website (http://www.cetip.com.br), capitalized of a spread of 0.53% (zero point fifty-three percent), expressed as percentage per year of 252 (two hundred and fifty two) days ("Remuneration");

(h) Interest payment: payment of remuneration will be made semiannually every 180 (one hundred eighty) days from the Issue Date;

(i) Warranty: The Promissory Notes will have no liability of any kind or sureties;

(j) Use of proceeds: The proceeds from the funding through the issuance of the Promissory Notes will be allocated to working capital of the Company to meet its ordinary business management.

Click Here to access the Minutes.

Click Here to access Material Fact.

For further information please contact our investor relations department:

Daniel Nozaki Gushi/ Carolina Figueiredo/ Giselle Ferreira

Ph.: + 55 11 2102 8000
E-mail: acionistas@cremer.com.br
www.cremer.com.br/ir

Last Update on June 11, 2014

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