Cia Hering : Material Fact - Payment of Dividends

1fadcdee-b5b9-4045-be5a-a7d9ade4b333.pdf CNPJ nº 78.876.950/0001-71

OPEN COMPANY

Blumenau - Santa Catarina

MATERIAL FACT PAYMENT OF DIVIDENDS

We communicate to all Shareholders and to the Market in General that the General Shareholder's Meeting held on April 27th, 2016 approved the dividends distribution to the shareholders in the amount of thirty-nine million nine hundred ninety-four thousand three hundred ninety-one reals and eighty-seven cents (R$ 39,994,391.87). The payment will be made on May 17th, 2016, based on the shareholding interest on April 04th, 2016. The Company's shares will be negotiated ex-dividends from April 28th, 2016.

The shareholders will have their credit available according to the bank address provided to Banco Itaú

S.A. - Depositary Institution of Shares, from the de start date of this right's distribution. To the shareholders which registers do not contain the entry of the CPF/CNPJ (National Registry of Legal Entities/ Individual Taxpayer's Registry) number or the indication of the "Bank/Agency/Current Account", the dividends will only be credited from the 3rd business day, starting from the date of the register's update in the electronic files of Banco Itaú S.A., which can be performed through any agency of Banco Itaú S.A. The shareholders using Custodies will have their dividends credited according to the procedures adopted by the Stock Exchange.

Blumenau, April 27th, 2016.

Frederico de Aguiar Oldani Chief Financial and Investor Relations Officer