LOJAS RENNER S.A.

A Publicly Listed Company

Corporate Taxpayers' ID CNPJ/MF 92.754.738/0001-62

Corporate Registration ID NIRE 43300004848

NOTICE TO SHAREHOLDERS DECLARATION AND PAYMENT OF INTEREST ON EQUITY

We inform to our Shareholders that the Board of Directors of Lojas Renner S.A. ("Company"), at a meeting held on March 14 2012, approved the distribution and the payment of interest on equity by the Company, for the fiscal year 2012 in the total amount of R$ 20,302,322.04 (twenty million, three hundred two thousand, three hundred twenty two reais and four cents), corresponding to R$ 0.1653 per share. Payment shall be effected in up to 10 days after the 2013 Annual General Meeting and is subject to Income Tax Withholding (IRRF) pursuant to the prevailing legislation.
The aforesaid amount corresponding to the payment of interest on equity shall be included in the calculation of the mandatory dividend for the fiscal year 2012, pursuant to the Company's Bylaws. All the Company's shareholders holding shares as of March 14 2012, the date of the approval of the payment by the Board of Directors, shall be entitled to interest on equity in accordance with the prevailing legislation. As from March 15 2012 (inclusive), the Company's shares shall be traded ex-interest on equity. The Company requests shareholders, companies and/or entities who are exempt from Income Tax Withholding to send the appropriate documentation to confirm this status to the Company's registered offices at 401 Joaquim Porto Villanova Avenue, 7th floor, Jardim Carvalho, Porto Alegre/RS, Zip Code: 91410-400, in attention to the IR Officer, Adalberto Pereira dos Santos, by March 19 2012.
The procedures and the initial date of payment of interest on equity will be disclosed by the
Company Officers immediately after the Annual General Meeting that will take place in
2013.
For further information, shareholders should contact the IR Team at 401 Joaquim Porto Villanova Avenue, 7th floor, Jardim Carvalho, Porto Alegre/RS, Zip Code: 91410-400 - Telephone: +55 51 2121 7045 / 7183 / 7044.
Porto Alegre, RS, March 14 2012.

Adalberto Pereira dos Santos

Investor Relations Officer