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São Martinho S.A. and Alphaville terminate Alphaville Limeira Consortium

São Paulo, December 6, 2017 - São Martinho S.A., in compliance with CVM Instruction 358/02 and with best corporate governance practices, announces to its shareholders and the general market that its wholly owned subsidiary São Martinho Terras Imobiliárias S.A. and Alphaville Urbanismo S.A. have opted to mutually rescind the Consortium Contract for the Alphaville Limeira Project executed on October 24, 2014, given the lack, at this time, of market conditions favorable to the development of projects of this kind in the region.

The project’s area would encompass approximately 124 hectares, or 4.2% of São Martinho’s total area destined for real estate development projects, which the Company will use for other projects with characteristics that currently enjoy better acceptance in the region.

Sincerely,

Felipe Vicchiato
Chief Financial and Investor Relations Officer

Aline Reigada
Investor Relations Manager

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