Inside Cremer - Material Fact: Tender Offer - Amendment to the Offer Notice

Blumenau, June 10th, 2014

Cremer S.A. ("Company") (BM&FBOVESPA: "CREM3") announces, in addition to the material facts disclosed on March 14, 2014, April 25, 2014 and May 13, 2014, in connection with the tender offer for the Company's Novo Mercado delisting launched by Arapaima Participações S.A. ("Offer" and "Offeror", respectively), as detailed in the Offer notice published on April 28, 2014 ("Offer Notice"), that it has been informed by the Offeror on the date hereof of an amendment to the Offer Notice as follows ("Amendment"):

As a result of a decision rendered by the Board of Directors of the Brazilian Securities and Exchange Commission ("CVM") on June 3, 2014, the Offeror will waive the condition set forth in item 1.12 of the Offer Notice, which prescribed that the Offeror would terminate the Offer "in case of acceptance of the Offer by " by holders of more than 1/3 (one third) and less than 2/3 (two thirds) of the outstanding shares".

The Amendment was published on the date hereof in the newspaper "Valor Econômico" and will be published in the newspaper "Jornal de Santa Catarina" on June 11, 2014.

In addition, the Amendment has been made available by the Company in the following websites: (http://www.cremer.com.br/ri/), CVM (www.cvm.gov.br) and BM&FBOVESPA (www.bmfbovespa.com.br). The Offer auction is scheduled to occur in the BM&FBOVESPA on June 30, 2014.

The Company will keep its shareholders and the market duly informed of the evolution of the subjects mentioned by this material fact.

Click Here to see the Material Fact.

Click Here to access the Offer Notice.

For further information please contact our investor relations department:

Daniel Nozaki Gushi/ Carolina Figueiredo/ Giselle Ferreira

Ph.: + 55 11 2102 8000
E-mail: acionistas@cremer.com.br
www.cremer.com.br/ir

Last Update on June 10, 2014

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