General Shopping Brasil : Material Fact 08 03 2016

Publicly Traded Company

NIRE 35.300.340.833 CNPJ/MF nº 08.764.621/0001-53

GENERAL SHOPPING BRASIL S.A. ("Company"), publicly-held company headquartered at Avenida Angélica, No. 2.466, suite 221, in the city and state of São Paulo, pursuant to the Normative Instruction of the Comissão de Valores Mobiliários No. 358 dated as of January 3rd, 2002, as amended, as a supplement to the Material Fact disclosed on July 5th, 2016, on July 20th, 2016 and on August 2nd, 2016, by the Company, hereby informs its shareholders and the market in general that the period for the holders to tender their outstanding US$150,000,000 12.000% Perpetual Subordinated Fixed to Floating Rate Notes With Interest Deferral Option, issued by General Shopping Investments Limited (respectively "Perpetual Bonds" and "GS Investments"), in the exchange offer launched by GS Investments on July 5th, 2016 ("Exchange Offer"), has ended at 11:59 pm of August 2nd, 2016.

After the tender period of the Exchange Offer, investors had tendered a total amount of US$34,420,000.00 (thirty four million and four hundred and twenty thousand dollars) in Perpetual Bonds, representing 22.95% of the aggregate outstanding balance related to the principal amount of the Perpetual Bonds.

São Paulo, 3 de agosto de 2016.

Marcio Snioka

Diretor de Relações com Investidores