Fibria Celulose : Minutes of the Extraordinary Shareholders Meeting

FIBRIA CELULOSE S.A.

Publicly-Held Corporation

Corporate Taxpayer ID (CNPJ) No. 60.643.228/0001-21 Company Registry

(NIRE) 35.300.022.807 | CVM Code No. 12793

MINUTES OF THE EXTRAORDINARY SHAREHOLDERS' GENERAL

MEETING HELD ON DECEMBER 03, 2018

1. DATE, TIME AND PLACE: Held at 9:30 a.m., on December 03, 2018, at the Company's headquarters, in the City of São Paulo, State of São Paulo, at Rua Fidêncio Ramos, No. 302, 4th Floor, Valor Room, Vila Olímpia, Zip Code 04551-010.

2. CALL NOTICE: The call notice has been published at the State of São Paulo Official Gazette (Diário Oficial do Estado de São Paulo), on 01, 02 and 06, November 2018, pages 16, 13 and 12, respectively, and at the newspaper "Valor Econômico", on 01/02; 03/04/05 and 06, November 2018, pages E4, E4, and E3, respectively.

3.

ATTENDANCE: Were present shareholders owners of 420,303,872

common shares, nominative, escritural, without par value, representing approximately 75.921% of the Company's total and voting capital stock, disregarded the shares in treasury, according to the signatures on the Company's shareholders' attendance book. Were also present the management representative, Mr. Guilherme Perboyre Cavalcanti, the Fiscal Council representative, Mr. Maurício Aquino Halewicz.

4. PRESIDING BOARD: Acted as Chairman of the Meeting, Mrs. Clarissa Figueiredo de Souza Freitas and as Secretary Mrs. Mariangela D. Maruishi Bartz.

5. AGENDA: To examine, discuss and vote on the following agenda: approve, in accordance with the Management's Proposal and the Opinion of the Fiscal Council of the Company, the distribution of interim dividends on an extraordinary basis, in the total amount of R$2,783,319,849.66 (two billion seven hundred and eighty-three million three hundred and nineteen thousand eight hundred and forty-nine Brazilian reais and sixty-six centavos), equivalent to R$5.030371757 per share issued by the Company, to be declared and paid against the Company's account of Reserve for Investments, approved by the Ordinary Shareholders' Meeting held onApril 27, 2018 and registered at the Company's quarterly financial statements of September 30, 2018.

6. RESOLUTIONS: The general meeting was declared open and after the examination and discussion on the matter of the agenda, the shareholders present at the meeting have resolved as follows:

Preliminarily: to approve, by the unanimity, the drawing up of these minutes in summary format and its publication without the signatures of the shareholders, pursuant to §§ 1st and 2nd of article 130 of Law 6,404, of December 15, 1976, as amended ("Brazilian Corporate Law").

6.1. To approve by the majority of the votes, being 420,299,130 favorable votes, 784 contrary votes and 3,958 abstentions, the distribution of interim dividends, in the total amount of R$2,783,319,849.66 (two billion seven hundred and eighty-three million three hundred and nineteen thousand eight hundred and forty-nine Brazilian reais and sixty-six centavos), equivalent to R$5.030371757 per share issued by the Company, disregarded the shares in treasury, that will be paid against the Company's account of Reserve for Investments, as approved by the Ordinary Shareholders' Meeting of the Company held on April 27, 2018 and registered at the Company's quarterly financial statements of September 30, 2018.

6.1.1. The dividends declared in this Meeting will be due to those shareholders of the Company that hold shares on December 03, 2018, in accordance with the shareholding position existing on the closure of the trading session of B3 S.A. - Bolsa, Brasil, Balcão on this date, and the procedures of the institution responsible for bookkeeping the Company's shares shall be observed for the payment of such dividends, which will be published by the Company by means of a Notice to Shareholders. Therefore, from December 04, 2018 on, including, the Company's shares shall be traded "ex-dividendos".

6.1.2. The dividends declared in this Meeting shall be fully paid by the Company to the shareholders in national currency on December 12, 2018.

6.2. The shareholders votes, statements, protests and dissidences presented in writing, were received, numbered, authenticated by the presiding Board and by the requesting shareholders and were filed at the Company's headquarters.

7. ADJOURNMENT: There being no further business to discuss, the Chairman declared the meeting adjourned at 10:30 a.m. and suspended the procedures until

11 a.m. for the draft of these minutes, in the summary format, in accordance with article 130, §1st, of the Brazilian Corporation Law, and being authorized its publication without the signature of the shareholders, as provided by §2nd of article 130 of the Brazilian Corporation Law, which was read, approved and signed by all those present. São Paulo, December 03, 2018. Board: (aa) Clarissa Figueiredo de Souza Freitas - Chairman; (aa) Mariangela D. Maruishi Bartz - Secretary. Representative of the Management: (aa) Guilherme Perboyre Cavalcanti. Representative of the Fiscal Council, Mr. Maurício Aquino Halewicz. Attending Shareholders: (a.a.) Votorantim S.A. (by Mauro Eduardo Guizeline); BNDES Participações S.A. - BNDESPAR (by Nelson Alexandre Paloni); CONTI INTERNACIONAL; BEST INVESTMENT CORPORATION; ABU DHABI RETIREMENT PENSIONS AND BENEFITS FUND; BRITISH COAL STAFF SUPERANNUATION SCHEME; BUREAU OF LABOR FUNDS-LABOR PENSION FUND; FIDELITY GLOBAL EMERGING MARKETS FUND; FIDELITY INVESTMENTS MONEY MANAGEMENT INC.; FORSTA AP-FONDEN; JNL/MELLON CAPITAL EMERGING MARKETS INDEX FUND; MINEWORKERS' PENSION SCHEME; MORGAN STANLEY INVESTMENT FUNDS GLOBAL BALANCED DEFENSIVE FUND; MORGAN STANLEY INVESTMENT FUNDS GLOBAL BALANCED FUND; PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO; STICHTING DEPOSITARY APG EMERGING MARKETS EQUITY POOL; CHURCH COMMISSIONERS FOR ENGLAND; THE MASTER TRUST BANK OF JAPAN, LTD., AS TRUSTEE FOR MUTB400045796; THE MASTER TRUST BANK OF JAPAN, LTD., AS TRUSTEE FOR MUTB400045792; THE MASTER TRUST BANK OF JAPAN, LTD., AS TRUSTEE FOR MTBJ400045828; THE MASTER TRUST BANK OF JAPAN, LTD., AS TRUSTEE FOR MTBJ400045829; THE MASTER TRUST BANK OF JAPAN, LTD., AS TRUSTEE FOR MUTB400045795; THE MASTER TRUST BANK OF JAPAN, LTD., AS TRUSTEE FOR MTBJ400045835; VANGUARD EMERGING MARKETS STOCK INDEX FUND; VANGUARD ESG INTERNATIONAL STOCK ETF; CITIBANK N.A.; AJO EMERGING MKTS SHORTENABLED FUND L.P.; NUSHARES ESG EMERGING MARKETS EQUITY ETF; PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF NEW MEXICO; STICHTING JURIDISCH EIGENAAR ACTIAM BELEGGINGSFONDSEN; DO IT NOW IMAT FUNDO DE ÍNDICE (ALL MENTIONED ABOVE REPRESENTED BY MICHELE DA SILVA GONSALES); APEX EQUITY HEDGE FUNDO DE INVESTIMENTO MULTIMERCADO; APEX INFINITY MASTER LONG-BIASED FUNDO DE INVESTIMENTO EM AÇÕES; APEX EQUITY HEDGE STR FUNDO DE INVESTIMENTO MULTIMERCADO; APEX MASTER FUNDO DE INVESTIMENTO DE AÇÕES; APEX MASTER LONG BIASED FUNDO DE INVESTIMENTO MULTIMERCADO; APEX LONG BIASED ICATU FUNDO DE INVESTIMENTO EM AÇÕES PREVIDENCIÁRIO FIFE; FUNDO DE INVESTIMENTO EM AÇÕES SÃO CONRADO (ALL MENTIONED ABOVE REPRESENTED BY FELIPE KEVIN DA SILVA)

The following shareholders have voted by means of the remote vote bulletin and are considered attending the meeting pursuant to the terms of article 21-V, II, of Normative Instruction CVM No. 481/09:

WELLINGTON MANAGEMENT FUNDS (IRELAND) PLC;

CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM LEGAL AND GENERAL ASSURANCE PENSIONS MNG LTD OREGON PUBLIC EMPLOYEES RETIREMENT SYSTEM BLACKROCK INSTITUTIONAL TRUST COMPANY NA BILL AND MELINDA GATES FOUNDATION TRUST CIBC EMERGING MARKETS INDEX FUND EMPLOYEES RET SYSTEM OF THE STATE OF HAWAII RUSSELL TR COMPANY COMMINGLED E. B. F. T. R. L. D. I. S. IBM 401 (K) PLUS PLAN

IRISH LIFE ASSURANCE PLC MANAGED PENSION FUNDS LIMITED

MARYLAND STATE RETIREMENT AND PENSION SYSTEM NORGES BANK

NEUBERGER BERMAN SYSTEMATIC GLOBAL EQUITY TRUST STATE ST GL ADV TRUST COMPANY INV FF TAX EX RET PLANS STICHTING PHILIPS PENSIOENFONDS

PARAMETRIC TAX-MANAGED EMERGING MARKETS FUND TEACHER RETIREMENT SYSTEM OF TEXAS

THE BOARD OF REGENTS OF THE UNIVERSITY OF TEXAS SYSTEM CONSULTING GROUP CAPITAL MKTS FUNDS EMER MARKETS EQUITY FUND VANGUARD INVESTMENT SERIES PLC

STATE OF NEW JERSEY COMMON PENSION FUND D

SSGA MSCI BRAZIL INDEX NON-LENDING QP COMMON TRUST FUND BRITISH AIRWAYS PEN TRUSTEES LTD-MAIN A/C

CAISSE DE DEPOT ET PLACEMENT DU QUEBEC

RUSSELL INVESTMENT COMPANY EMERGING MARKETS FUND STATE STREET VARIABLE INSURANCE SERIES FUNDS, INC INVESCO GLOBAL AGRICULTURE ETF

RAYTHEON COMPANY MASTER TRUST SSGA EMERGING MARKETS FUND

IN BK FOR REC AND DEV,AS TR FT ST RET PLAN AND TR/RSBP AN TR STATE OF MINNESOTA STATE EMPLOYEES RET PLAN

CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM THE PENSION RESERVES INVESTMENT MANAG.BOARD WASHINGTON STATE INVESTMENT BOARD

WILLIAM AND FLORA HEWLETT FOUNDATION CATHAY LIFE INSURANCE CO. LTD

RUSSELL INVESTMENT COMPANY PUBLIC LIMITED COMPANY LAZARD GLOBAL ACTIVE FUNDS, PLC

NEW ZEALAND SUPERANNUATION FUND

BRITISH AIRWAYS PENSION TRUSTEES LTD. (MPF A/C) WHEELS COMMON INVESTMENT FUND

ALSCOTT INVESTMENTS, LLC

FORD MOTOR CO DEFINED BENEF MASTER TRUST FORD MOTOR COMPANY OF CANADA, L PENSION TRUST INTERNATIONAL MONETARY FUND

LOCKHEED MARTIN CORP MASTER RETIREMENT TRUST MUNICIPAL E ANNUITY A B FUND OF CHICAGO

TEACHERS RETIREMENT SYSTEM OF THE STATE OF ILLINOIS NAV CANADA PENSION PLAN

THE ANDREW W MELLON FOUNDATION

THE BOARD OF.A.C.E.R.S.LOS ANGELES,CALIFORNIA UTAH STATE RETIREMENT SYSTEMS

BOARD OF PENSIONS OF THE EVANGELICAL LUTHERAN CHURCH IN AMER CHEVRON MASTER PENSION TRUST

JOHN HANCOCK VARIABLE INS TRUST INTERN EQUITY INDEX TRUST NTGI QUANTITATIVE MANAGEMENT COLLEC FUNDS TRUST

THE REGENTS OF THE UNIVERSITY OF CALIFORNIA

VALIC COMPANY II - INTERNATIONAL OPPORTUNITIES FUND ALASKA PERMANENT FUND

CITY OF NEW YORK GROUP TRUST

RAILWAYS PENSION TRUSTEE COMPANY LIMITED THE STATE TEACHERS RETIREMENT SYSTEM OF OHIO TRUSTEES OF THE E OF B P B DBA KAMEHAMEHA SCH VICTORIAN FUNDS MAN C A T F V E M T

BLACKROCK LIFE LIMITED - DC OVERSEAS EQUITY FUND HEALTHCARE EMPLOYEES PENSION PLAN - MANITOBA

THE SEVENTH SWEDISH NATIONAL PENSION FUND - AP7 EQUITY FUND ISHARES PUBLIC LIMITED COMPANY

NTGI QM COMMON DAILY ALL COUNT WORLD EXUS EQU INDEX FD LEND WGI EMERGING MARKETS FUND, LLC

NORTHERN TRUST LUXEMBOURG MGMT CO SA ON BEHALF OF UNIVEST GOVERNMENT EMPLOYEES SUPERANNUATION BOARD

NORTHERN EMERGING MARKETS EQUITY INDEX FUND

THE NOMURA T AND B CO LTD RE I E S INDEX MSCI E NO HED M FUN