NATURA COSMÉTICOS S.A.

Publicly-held Company - CVM Code 471-5

Brazilian Federal Taxpayer (CNPJ/MF) No. 71.673.990/0001-77 Corporate Registry 35.300.143.183

We make reference to the Official Letter 1149/2017-SAE sent by the Issuers Supervision Superintendence (Superintendência de Acompanhamento de Empresas) of BM&FBOVESPA S.A. - Bolsa de Valores, Mercadorias e Futuros acting within the scope of the Cooperation Agreement (Convênio de Cooperação) entered into with the Brazilian Securities Commission - CVM (Comissão de Valores Mobiliários - CVM), which requests us to clarify the specific topics transcribed below:

"June 13, 2017 1149/2017-SAE

Natura Cosméticos S.A. Attn. Mr. José Roberto Lettiere Investor Relations Officer

Ref.: Request of clarifications regarding news report

Dear Sirs,

In a news report published by the newspaper Valor Econômico on June 13, 2017, it is mentioned, among other information, that:

 The leverage relation of Natura will double after the purchase of the British company The Body Shop, but will decrease to the current level of 1.3 times the net debt over the Ebitda in four years;

 For that, its counts on an increase of revenues in foreign currency and fund raising at more attractive prices;

 With The Body Shop, Natura will have 25% of revenues in markets with dollar or euro as currency.

We did not identify these information in the documents sent by this company through the Empresas.NET system. If it was sent, please inform the document and pages that contain such information and the date and time in which they were sent.

It is worth mentioning that the company must disclose periodic, occasional and other information of interest to the market through the Empresas.NET system, guaranteeing its wide and immediate dissemination and fair treatment of its investors and other market participants.

That being said, we request clarification as to the relevant items until June 14, 2017, without prejudice to the provisions set forth in the sole paragraph of article 6 of CVM Instruction No. 358/02, with the confirmation or otherwise, as well as other information considered important.

The answer of the company must be delivered through the IPE module, selecting the Category: Material Fact or Category: Notice to the Market, and Type: Clarifications over CVM/Bovespa consultation and, following, the Subject: News report published in the media, which will result in the simultaneous transmission of the file to BM&FBOVESPA and CVM. The option to answer through a Material Fact does not prevent the potential assessment by the CVM of the responsibility for the untimely disclosure thereof, pursuant to CVM Instruction No. 358/02.

We emphasize the obligation to inquire the company's management and controlling shareholders, with the purpose of ascertaining whether they had knowledge of information that should have been disclosed to the market, as set forth in the sole paragraph of article 4 of CVM Instruction No. 358/02.

This consultation must be fully transcribed in the file with the company's answer.

This request falls within the scope of the Cooperation Agreement executed between CVM and BM&FBOVESPA on December 13, 2011, and the non- compliance with it may subject the company to fines to be applied by the Issuers Relations Superintendence (Superintendência de Relações com Empresas - SEP) of CVM, pursuant to CVM Instruction No. 452/07.

Sincerely,

Nelson Barroso Ortega

Superintendência de Acompanhamento de Empresas BM&FBOVESPA S.A. Bolsa de Valores, Mercadorias e Futuros

With copy to: CVM - Comissão de Valores Mobiliários

Mr. Fernando Soares Vieira - Superintendente de Relações com Empresas Mr. Francisco José Bastos Santos - Superintendente de Relações com o Mercado e Intermediários"

Response of the Company

To

Nelson Barroso Ortega

Superintendência de Acompanhamento de Empresas BM&FBOVESPA S.A. Bolsa de Valores, Mercadorias e Futuros

In attention to the referred Official Letter, the Company clarifies that the information about the potential doubling of the leverage relation of the Company with the acquisition of The Body Shop and the potential increase of the Company's revenues in markets with foreign currency, notably dollar and euro, to 25% of the Company's total revenues, as taken from the news report published by the newspaper Valor Econômico on June 13, 2017 ("Press

News"), derive directly from the arithmetical application (A) of the information about the EBITDA and the net revenue of The Body Shop in 2016 (of EUR 77 million and EUR 921 million, respectively) and the enterprise value of EUR 1.0 billion considered for The Body Shop, contained (i) in the material fact (fato relevante) issued by the Company through the Empresas.NET system at 03:45

a.m. of June 9, 2017; and (ii) in page 13 of the notice to the market issued by the Company through the Empresas.NET system at 1:41 p.m. of June 12, 2017 containing the presentation made by the Company to market analysts and agents on the same day (i.e., June 12, 2017), combined with (B) the financial information of the Company, as disclosed to the investors and the market in general from time to time.

Additionally, the Company clarifies that the information taken from the Press News about the possibility of the leverage relation of the Company returning to the current level of 1.3 times the net debt over the EBITDA in four years, as well as about the possibility of increase of revenues in foreign currency and fund raising at more attractive prices reflect a preliminary feasible scenario, given the nature of the transaction, which will possibly be considered by the Company's management if and when the transaction of acquisition of The Body Shop is consummated.

Therefore, the opinions shared in such presentation of the Company cannot and shall not be understood as forecasts, guidance or sensitive information that should be disclosed by means of material fact or notice to the market, but rather as the sharing of impressions and mere suppositions and conjectures about the Company's expectation. Such sharing represents the continuation of what has been practiced in the previous teleconferences and such comments and opinions are not the Company's forecast or guidance, and shall not be considered as such. The Company reinforces that it does not have as a practice disclosing targets, estimates, forecasts or guidance to its shareholders and the market in general, as described in its Reference Form.

The Company could not even disclose forecasts or guidance about the business to be potentially acquired, or its impacts on the Company, since, as already disclosed in the material facts of the Company dated June 9, 2017, the closing, with the consequent implementation of such transaction of acquisition of The Body Shop, will be conditioned to the necessary consultation of the employees' council of L'Oréal S.A. (comité central d'entreprise de L'Oréal S.A.), the execution of the corresponding share purchase agreement and the applicable regulatory approvals.

The Company will continue to keep its shareholders and the market in general duly informed of any material fact and act regarding this matter, pursuant to the applicable law.

São Paulo, June 14, 2017

Natura Cosméticos S.A.

José Roberto Lettiere Financial and Investor Relations Officer

Natura Cosméticos SA published this content on 14 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 June 2017 21:09:10 UTC.