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NOTICE TO THE MARKET

São Martinho Group announces the conclusion of crushing for the 2014/15 crop year

São Paulo, November 28, 2014 - São Martinho S.A. (BM&FBovespa: SMTO3; Reuters: SMTO3 SA and Bloomberg: SMTO3 BZ) announces the conclusion of the crushing period for the 2014/2015 crop year, with a total of 18.7 million tons of sugarcane crushed, already considering the partial consolidation of the Boa Vista Mill (50.95%).

Crushing volume reached 95.1% of the guidance, due to the drought that affected our sugarcane fields over the course of the crop year, but which was partially offset by the 3.3% increase in average TRS (kg/ton). As a result, production volume (in TRS equivalent) decreased only 1.8%.

It is also important to mention that we will continue to cogenerate energy until January 2015, since we have a boiler dedicated to cogeneration at the São Martinho Mill. Therefore, we believe the cogeneration guidance of 663,000 MWh will be fully met.

The following table provides a breakdown of production in the 2014/15 crop year compared to the previous crop year and a comparison with our production guidance announced previously to the market.

Harvest1415


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