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Material Fact - Capital Reduction

A Qualicorp S.A., publicly-held company, headquarter in the City of São Paulo, State of São Paulo, at Rua Doutor Plínio Barreto, No. 365, part, Bela Vista, Zip Code 01313-020 ("Company"), in accordance with CVM Instruction No. 358/2002 and applicable law, hereby announces to its shareholders and the market in general that on the date hereof the Board of Directors of the Company approved the capital reduction of the Company in the total amount of four hundred million Reais (R$ 400,000,000.00), without cancellation of shares, for being considered excessive pursuant article 173 of Law No. 6,404/76. The shareholders will receive as capital restitution of portion of the value of their shares the amount of R$ 1,458124020 per share, provided that such value can be adjusted until the effective date of the capital reduction considering the number of shares being traded at the time.

The capital reduction of the Company is subject to the approval of (a) the debentures’ holders at a General Debentures’ Holders’ Meeting and (b) the shareholders of the Company at a General Shareholders‘ Meeting, to be timely called for this purpose. If approved, the capital reduction will become effective sixty (60) days after the publication of the minutes of the referred General Shareholders‘ Meeting, when the Company shall disclose to the shareholders the proceedings, payment date and commencement date of the negotiation "ex-capital reduction rights".

São Paulo, July 3, 2015.

Grace Cury de Almeida Gonçalves Tourinho
Investor Relations Officer
Qualicorp S.A.


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