CIELO S A : Notice to Shareholders - Payment of Dividends and Interest on Equity

Notice to Shareholders

Distribution of Dividends and Interest on Equity

CIELO S.A. ("Company") (B3: CIEL3 / OTC Nasdaq International: CIOXY) hereby informs its shareholders that, further to the Notice to Shareholders disclosed on July 23, 2019, the final value per share will be R$0.00265181612 as dividends and R$0,00073727099 (gross) as interest on equity.

In addition to the interest on equity announced on June 27, 2019, the dividends and interest on equity refer to the second quarter of 2019 totaling R$9,193,599.51 (nine million, one hundred and ninety-three thousand, five hundred and ninety-nine reais and fifty-one cents), of which two million reais (R$2,000,000.00) will be distributed as interest on equity, subject to the taxes applicable to each case, and seven million, one hundred and ninety-three thousand, five hundred and ninety-nine reais and fifty- one cents (R$7,193,599.51) will be distributed as dividends, which will be paid to shareholders proportionally to their interests in the Company's capital stock, with shares held in treasury not entitled to the dividends and interest on equity.

Dividends and interest on equity will be paid to the shareholders on September 27, 2019, based on the shareholding position of September 12, 2019. The Company's shares will be traded ex-rights as of September 13, 2019, including this date. The dividends and interest on equity announced, added to those approved on June 24, 2019, total a net payment corresponding to 30% (thirty percent) of the net income for the second quarter of 2019. The dividends and interest on equity will be deducted from the minimum mandatory dividend for the year ended December 31, 2019.

Payment will be made through the depositary institution of the shares - Banco Bradesco S.A. ("Banco Bradesco"), by means of an automatic credit to those shareholders who have a checking account at Banco Bradesco and, also, to those shareholders who provided to Banco Bradesco their Individual or Corporate Taxpayers' ID and due bank account information. Shareholders who have not provided their banking information must go to a Bradesco Agency to update their registration data. We hereby report to the shareholders with shares held in custody at B3 S.A. - Brasil, Bolsa, Balcão that they will receive dividends and interest on equity through their custody agents. Holders of American Depositary Receipts (ADRs) will receive the dividends and interest on equity through the Deutsche Bank Trust Company Americas, contracted depositary institution.

Barueri, September 12, 2019.

Gustavo Henrique Santos de Sousa

Chief Financial and Investor Relations Officer