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TUPY ISSUES US$ 350 MILLION WITH 6.625% COUPON DUE 2024

Notice to the Market

Tupy S.A. announces that it has issued and priced, on July 10, 2014, ten-year Notes ("Notes") in the international capital markets through its wholly-owned subsidiary Tupy Overseas S.A. ("Issuance"). The Notes will be unconditionally and irrevocably guaranteed by Tupy S.A.

For further details on the Issuance, click here.

The Issuance is in line with the Company’s strategy of optimizing its capital structure through the extension of debt profile and diversification of funding sources. This is the first time the Company access the international debt capital markets. The Issuance was extremely successful as the demand exceeded more than 8 times the offer, demonstrating the confidence and the interest of foreign investors in the strengths of Tupy’s resilient business model. The proceeds from the Issuance should be used to the payment of existing debt maturing between 2014 and 2017.

Last Update on July 10, 2014

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