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Notice to the Market

São Martinho Group announces conclusion of crushing for 2015/16 crop year

São Paulo, December 29, 2015 - São Martinho S.A. (BM&FBovespa: SMTO3; Reuters: SMTO3 SA and Bloomberg: SMTO3 BZ) announces the conclusion of the crushing period for the 2015/16 crop year, with a total of 20.0 million tons of sugarcane crushed, which represents 95% utilization of the installed capacity of our mills.

Sugar and ethanol production volume (measured in TRS equivalent) reached 98.9% of our guidance, due to the sharp drop in cane TRS due to heavy rains, particularly in November 2015.

Crushing reached 102.7% of guidance, which partially offset the lower TRS.

It is also important to mention that we will continue to cogenerate energy through January 2016, since we have a boiler dedicated to cogeneration at Usina São Martinho. Therefore, we expect the cogeneration guidance of 733,000 MWh to be fully met.

The following table presents a breakdown of production in the 2015/16 crop year compared to the previous crop year and a comparison with our production guidance announced previously to the market.

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Cordially,

Felipe Vicchiato
Chief Financial and Investor Relations Officer