The Board of Directors of Lojas Renner S.A. at a meeting held on September 18 2013, approved the distribution and the payment of interest on equity by the Company, for the fiscal year 2013 in the total amount of R$ 14,759,537.46, corresponding to R$ 0.1181 per share.
Payment shall be effected in up to 10 days after the 2014 Annual General Meeting and is subject to Income Tax Withholding (IRRF) pursuant to the prevailing legislation.
The aforesaid amount corresponding to the payment of interest on equity shall be included in the calculation of the mandatory dividend for the fiscal year 2013, pursuant to the Company's Bylaws.
All the Company's shareholders holding shares as of September 18, 2013, the date of the approval of the payment by the Board of Directors, shall be entitled to interest on equity in accordance with the prevailing legislation.
As from September 19, 2013 (inclusive), the Company's shares shall be traded ex-interest on equity.
The procedures and the initial date of payment of interest on equity will be disclosed by the Company Officers immediately after the Annual General Meeting that will take place in 2014.