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ESTCIOPA

ARTICIPAESSS.A.
pany
PublicclyheldComp

CorporateTaxp
C
payersID(CNPJ)08.807.432//000110
CompanyRegis
C
stry(NIRE)33.3
3.00282050

NOTIC
CETOTH
HEMARK
KET
Up
pgradeofEsstaciosAD
DRprogram toOTCQX

Estccio Particip
paes S.A. (Estcio or Comp
pany) (B
BM&Bovesppa: ESTC3; Bloombergg:
ESTC
C3.BZ; Reuters: ESTC3.SA; OTCQXX: ECPCY) in accordan
nce with CCVM Instrucction 358 of
o
January03,200
02,asamendedbyCVM
MInstructio
on449date
edMarch166,2007,herebyinform
ms
marketand publicingeneralthatitsAmericaanDeposita
aryReceiptss(ADRs)staartedtradin
ng
them
todayonOTCQX
X,thebestmarketplacceforestablishedgloba
alandgrow
wthcompan
niesoperateed
byOTTCMarketssGroupInc..intheUnittedStates.

This initiative reeiterates Esstcios com


mmitment in
i promotin
ng its ADRss liquidity and
a offering its
invesstorsnewaalternativestotradeitsssecurities intheUnittedStates. Furthermorre,itshowssthe
comm
mitment off the Comp
pany in seeeking highe
er transparrency levelss, since reaaltime Levvel 2
quottesandfinancialinform
mationareaavailableatthewebsite
ewww.otcm
markets.com
m.

Estccios ADR Program


P
Le
evel I was launched in June 201
11 and eacch ADR rep
presents on
ne
ordin
naryshare.

Citi, the deposiitary bank for Estcioos Level I ADRs,


A
will serve as thhe Compan
nys Principal
OTCQX.
AmericanLiaison(PAL)onO
2014.
RiodeJaaneiro,November17,2

Virglio DeloyCapo
obiancoGib
bbon

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