Notice to the Market - Fairness Opinions

REDECARD S.A. ("Redecard") informs to its shareholders and to the market that the Board of Directors', in meeting held on this date, aknowledged receipt of the Fairness Opinions prepared by BR Partners Assessoria Financeira Ltda ("BR Partners") and by Citigroup Global Markets Inc. ("Citigroup"), companies hired by Redecard, in accordance with the Notice to the Market published on March 26th, 2012 to substantiate, in the economic aspects, the opinion to be issued by the Board of Directors, pursuant to item 4.8 of the Novo Mercado Listing Regulation.

The referred Fairness Opinions are available simultaneously to this notice at Redecard's website (www.redecard.com.br/ir) and by filling them via the IPE System, to both CVM (the Brazilian Securities Commission) and the BM&FBOVESPA - Bolsa de Valores, Mercadorias e Futuros websites (www.cvm.gov.br and www.bmfbovespa.com.br).

Additionally, the independent Board members registered that they will disclose the opinion pursuant to item 4.8 of the Novo Mercado Listing Regulation until 5 (five) days after the filing of the Tender Offer notice.

To access the entire document, click here.

To access the Fairness Opinions - BR Partners, click here.

To access the Fairness Opinions - Citi, click here.

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