ETERNIT S.A. - UNDER COURT-SUPERVISEDREORGANIZATION

Corporate Taxpayer ID (C.N.P.J.) 61.092.037/0001-81

Company Registration (NIRE): 35.300.013.344

NOTICE TO SHAREHOLDERS

Total value of subscribed unsubscribed shares, withdrawals and ratification of the capital increase

Eternit S.A. - under Court-Supervised Reorganization (B3: ETER3, "Company" or "Eternit"), in addition to the notice published on September 3, 2019, hereby announces to its shareholders and the market (i) the subscribed value during the period for subscription of unsubscribed shares; (ii) information on withdrawals and shares that remained unsubscribed; and (iii) the total number and value of subscribed shares within the operation and respective ratification of the capital increase.

1. Subscribed Value during the Period for Subscription of Unsubscribed Shares: during the period for subscription of unsubscribed shares, which ended September 3, 2019, inclusive, a total of 1,527,847 common shares

("Unsubscribed Shares") were subscribed at the issue price of R$ 2.43 each, for a total subscription value of R$ 3,712,668.21.

  1. Total Value of Subscribed Shares: the number of shares subscribed during the abovementioned period, added to the number of shares previously subscribed through the exercise of preemptive rights by shareholders, totaled 1,942,502 common shares subscribed, for total subscription value of R$ 4,720,279.86.
  2. Value of Withdrawals: shareholders who chose to fully or partially withdraw their subscription orders will be reimbursed for the amount paid for the subscribed shares that were subject to withdrawal ("credit"), in accordance with the instructions below. After the end of the period for subscribing to unsubscribed shares, a total of 1,906 shares were withdrawn, corresponding to R$ 4,631.58.

Instructions for Credit of Withdrawals

For shareholders holding shares issued by the Company and in custody with Banco Itaú-Unibanco S.A. ("Stock Transfer Agent"), withdrawals will be credited on September 17, 2019, directly to the current account of the shareholder with said bank, or through wire transfers (DOC/TED) for those holding bank accounts with other banks, on the same date.

The Company will make available, also as of September 17, 2019, the amounts due to shareholders whose custody services are provided by the Central Depositary of Assets of B3, which will transfer the amounts to the subscribers of the capital increase through their custody agents.

4. Final Result of the Capital Increase: after calculating the results of shares subscribed during the periods for exercise of preemptive rights, for subscribing to unsubscribed shares and for withdrawing, the final result of the Capital Increase was the private subscription of 1,940,596 common shares, at the issue price of R$ 2.43, totaling R$ 4,715,648.28.

  1. Shares not Subscribed: in view of the final result of the capital increase, any shares that remained unsubscribed will be canceled.
  2. Credits arising from the Court-Supervised Reorganization Plan: as established under the Court-SupervisedReorganization Plan, ratified on June 11, 2019, the Company conducted the capital increase to settle the portion of credits held by Labor Creditors (Class I). In view of the amount of proceeds obtained via private subscription in this operation, said credits will be fully settled in cash.
  3. Ratification of the Capital Increase: the Board of Directors will meet to ratify the Capital Increase on September 20, 2019.
  4. Credit of shares: Until the ratification of the Capital Increase, shareholders may not trade on subscription receipts. The newly issued shares will be credit within 5 business days after the total or partial ratification of the Capital Increase by the Board of Directors, which will be subject to a notice to be released by the Company.

Any questions and/or requests for clarifications regarding the object of this notice should be sent to the following e- mail: ri@eternit.com.br.

São Paulo, September 11, 2019

Vítor Mallmann

Investor Relations Officer

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Disclaimer

Eternit SA published this content on 11 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 September 2019 12:06:01 UTC