Letter to Shareholders

Dear Shareholders,

We hereby invite you to attend and vote in Bematech S/A's 48th Extraordinary Shareholders' Meeting (ESM) to be held at 10:00 a.m. on September 3, 2015 at the Company's headquarters at Avenida Rui Barbosa, nº 2529, Módulos 06, 07 e 08, in the city of São José dos Pinhais, state of Paraná.

The matter to be appreciated at the ESM is the corporate reorganization proposed by the Managements of Bematech S/A and Totvs S/A, pursuant to the Material Fact of August 19, 2015, attached hereto. If the reorganization is approved, each Bematech S/A common share will receive 0.043421048 common shares issued by Totvs plus R$9.35, ex-dividends declared by the Company on August 14, i.e. with no discount as a result of the payment of said dividends.

In order to be approved, the matter must receive the approval of at least 50% plus one share of all Bematech S/A outstanding shares.

Shareholders' may participate in the Meeting in various ways:

Personally:

Shareholders should appear at 10:00 a.m. on September 3, 2015 at the Company's headquarters at Avenida Rui Barbosa, nº 2529, Módulos 06, 07 e 08, in the city of São José dos Pinhais, state of Paraná, bearing identification documents, a statement of shareholdings issued by the financial institution retaining custody of their book-entry shares and a power of attorney, duly signed and notarized in case of representation by a proxy.

Public Power of Attorney Request:

Shareholders nominate an executive indicated by the Company to vote in their name. The Power of Attorney template, which is in the Shareholders' Participation Manual, should be filled in, signed and notarized and sent together with authenticated copies of the identification documents of the person and/or articles of organization/incorporation attesting to the fact that the signatory represents said legal entity; as well as a statement of shareholdings issued by the financial institution retaining custody of their book-entry shares.

On-Line Vote:

On order to vote via the internet through the "Assembleias Online" system, shareholders must register at www.assembleiasonline.com.br and obtain (free of charge) their digital certificate, in accordance with the steps described below.

Step 1 - Registration on the portal:
a) access the address: https://www.assembleiasonline.com.br/wfPublicaCadastroAcionistas.aspx and select the appropriate profile (individual shareholder or legal entity);
b) fill in and send the registration form (registration button, at the bottom of the page);

Step 2 - Receipt of the private digital certificate
a) Within 24 hours, shareholders will receive an e-mail from the Assembleias Online portal containing instructions on how to log in to the system and print their "instrument of adherence, ownership and responsibility" needed for system qualification and to request the digital certificate. This should be printed, signed (and notarized) and sent by mail to "Cadastro Assembleias Online", accompanied by authenticated copies of their identification document (RG), individual taxpayer's ID (CPF) and proof of residence (the same address given during the registration process). The only cost for shareholders refers to this documentation.
b) As soon as the documents have been validated by the Assembleias Online team, shareholders will receive another e-mail containing the procedures for the issuance of the Assembleias Online Digital Certificate.
c) Upon issuance of the certificate, shareholders will be fully equipped to use it to vote in Bematech's shareholders' meetings.

On conclusion of the registration process, validated shareholders will have up to two (2) business days prior to the date of the Meeting to exercise their vote through the system.

In conclusion, we would like to reaffirm our invitation in the hope that you will take part in the meeting and express your opinions. Please accept our sincere thanks.

Click here for the Material Fact

Click herefor the Call Notice

Click here for the Manual for Shareholder Participation

Click here for the Management Proposal

Click here for Notice to the Market - Proxy related materials

For additional information, please contact Company's Investor Relations Department:

IR Contacts:
Marcel Vedrossi
Phone: +55 11 2122 4653
Mario Caldana
Phone: +55 11 2122 4740
e-mail: ri@bematech.com.br

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