Notice to the Market

Standard & Poor's revises global rating outlook of São Martinho S.A. to
'BB+ Positive'

São Paulo, October 24, 2017 - São Martinho S.A. announces to its shareholders and the general market that the international risk rating agency Standard & Poor's has revised the outlook of the Company's rating on the global scale to 'BB+ Positive.'

According to S&P the better outlook reflects the expectation of higher cash generation in the coming crop years and financial deleveraging, paving the way for an upgrade in the Company's rating on the global scale within the next 24 months.

The corporate credit rating on the national scale of 'brAAA' with a Stable outlook remains unchanged and is currently the highest rating on the agency's scale.

Sincerely,

Felipe Vicchiato
Chief Financial and Investor Relations Officer

Aline Reigada
Investor Relations Manager

To access the PDF version, please click here.

São Martinho SA published this content on 24 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 October 2017 22:42:02 UTC.

Original documenthttp://ri.saomartinho.ind.br/saomartinho/web/conteudo_en.asp?idioma=1&tipo=12639&conta=44&id=250021

Public permalinkhttp://www.publicnow.com/view/7934C2F1046E5ED250569D5CD5692D13733776F6