Lupatech : Notice to Shareholders - End of the term for subscription of the Warrants

LUPATECH S.A. - EM RECUPERAÇÃO JUDICIAL

CNPJ/MF nº 89.463.822/0001-12

NIRE 35.3.0045756-1

Publicly Held Company with Authorized Capital - Novo Mercado

NOTICE TO SHAREHOLDERS

Nova Odessa, December 12th, 2018 - Lupatech S.A. - In Judicial Reorganization (BM&FBOVESPA: LUPA3) (OTCQX: LUPAY) ("Lupatech" or "Company"), in complement to the Notice to Shareholders dated October 29th, 2018 (Notice to Shareholders), in connection with the Company´s 1st Issue of Subscription Warrants, ("Warrants" and "Issuance", respectively), informs that on December 11th, 2018, ended the term for subscription of the Warrants.

All terms initiated in capital letters non-expressly defined in this Notice to Shareholders will have their meaning as defined in the Judicial Recovery Plan, in the Minutes of the Meeting of the Board of Directors or in the Notice to Shareholders dated October 29th.

During the term for the Subscription of Warrants 3.404.528 (three million, four hundred and four thousand, five hundred and twenty-eight) of Warrants with nominal value of R$100.00 (one hundred reais) per Warrant ("Unitary Nominal Value") were subscribed, totaling R$340,452,800.00 (three hundred and forty million, four hundred and fifth-two thousand and eight hundred reais). Considering the total Issue amount of 3.404.528 (three million, four hundred and four thousand, five hundred and twenty-eight) of Warrants, there is no Warrant left to be canceled.

The subscribed Warrants may be traded at the Stock Exchange after December 26th, 2018.

The Investor Relations department remains available for further clarification.

Nova Odessa, December 12th, 2018.

Rafael Gorenstein

Director of Investor Relations

CONTACTS - INVESTOR RELATIONS

Phone: [phone]

E-mail:[e-mail]

ABOUT LUPATECH - We are one of the largest Brazilian suppliers of high added value products and services focused on the oil and gas sector. Our businesses are organized into two segments: Products and Services. The Products segment offers, mainly for the oil and gas industry, anchoring cables for production platforms, valves, equipment for the completion of wells and compressors for natural gas. The Services segment offers workover, drilling, well intervention, coating and pipe inspection services.

We make forward-looking statements that are subject to risks and uncertainties. Such statements are based on estimates and assumptions of our Management and information to which the Company currently has access. Statements about future events include information about our current intentions, estimates or expectations, as well as those of the members of the Company's Board of Directors and Officers. Disclaimers regarding forward-looking statements and information also include information on possible or presumed operating results, as well as statements that are preceded, followed or that include the words "believe," "may," "will," "continue," "expects," "predicts," "intends," "plans," "estimates," or similar expressions. Forward-looking statements and information are not guarantees of performance. They involve risks, uncertainties and assumptions because they refer to future events, depending, therefore, on circumstances that may or may not occur. Future results and the creation of value to Shareholders may differ materially from those expressed or estimated by the forward-looking statements. Many of the factors that will determine these results and values are beyond Lupatech´s ability to control or predict.