Fibria Celulose : CVM Administrative Decision on Corporate Restructuring

FIBRIA CELULOSE S.A.

Publicly-Held Company

Corporate Taxpayer ID CNPJ/MF No. 60.643.228/0001-21 Company Registry (NIRE) 35.300.022.807 | CVM Code No. 12793

NOTICE TO THE MARKET

FIBRIA CELULOSE S.A. ("Fibria" or "Company") (B3: FIBR3 | NYSE: FBR) hereby informs its shareholders and the market in general that, on this date, received from the Brazilian Securities and Exchange Commission ("CVM") the Official Letter No. 162/2018/CVM/SEP/GEA-4, regarding the administrative procedure related to the claim presented by Tempo Capital Principal Fundo de Investimento em Ações regarding the corporate restructuring involving the Company and Suzano Papel e Celulose S.A., as transcribed below:

"Matter: CVM Procedure 19957.005818/2018-85 Dear Sir,

1. We make reference to the claim presented on 07.06.2018 by Tempo Capital Principal Fundo de Investimento em Ações regarding the corporate restructuring involving Fibria Celulose SA and Suzano Papel e Celulose SA, as disclosed in the material fact of 03.16.2018.

2. In this respect, the questions raised on such claim were analyzed under CVM Procedures No. 19957.007756/2018-46 and No. 19957.007885/2018-34, which addressed the requests for interruption of the calling term for the extraordinary general meeting of Fibria Celulose S.A. called for 09.13.2018.

3. Therefore, based on the conclusion achieved on the mentioned procedures, find below the answers to the questions raised on such claim:

a. the conclusion was that no irregularities were identified on the structure of the transaction, and it was verified that there was no abuse of control or fraud in the case;

b. there would be no obstacle for the decision on the transaction in the General Meetings of Fibria or of the Holding, as occurred on 09.13.2018;

c. there would be no impediment for Fibria's controlling shareholders to vote, under the terms of §1st of Article 115 of Law No. 6,404/76 [Corporations Law], as no particular benefit or conflicting interest between them and the Company has been characterized; and

d. as per B3's communication, the transaction would not require a tender offer for the acquisition of the shares, under the terms of Article 40 of Fibria's By-laws.

4. Based on the above, we inform that CVM Procedure No. 19957.005818/2018-85 achieved its purpose, and it will be extinct."

The company reinforces, through the disclosure of the information of this Notice to the Market, its commitment to transparency to its shareholders and investors.

São Paulo, September 19, 2018

Guilherme Perboyre Cavalcanti Chief Financial and Investor Relations Officer