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Saraiva Announces Termination of Consulting Agreement with Enéas Pestana & Associados

Sao Paulo, July 3, 2015 - Saraiva (Bovespa: SLED3 and SLED4) ("Company"), one of Brazil’s leading publishers and one of largest distributors of content, culture and education- announces today that business management consulting firm Enéas Pestana & Associados has terminated its consulting agreement with Saraiva.

The Enéas Pestana & Associados engagement was intended to outline a diagnosis of Saraiva’s Retail Business Unit, including all areas, stores and business processes, in order to identify opportunities for improving management performance and to report recommendations and action plan. The project was completed and submitted to Saraiva Board of Directors on June 16, 2015.

The Company recognizes the excellence and high value-added services provided by Enéas Pestana Consulting & Associates and highlights that the final report submitted is incorporated into the continuous process targeted at improving operational efficiency of its Retail Business Unit and enhance management effectiveness.

Sao Paulo, July 3, 2015.

Chief Executive and Investors Relation Officer

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