Iguatemi Empresa de Shopping Centers : Press Release - Acquisition of Relevant Stake

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IGUATEMI EMPRESA DE SHOPPING CENTERS S.A.

Corporate TaxpayerID # (CNPJ/MF): 51.218.147/0001-93 Commercial Register # (NIRE): 35.300.095.618

Publicly-Held Company

Notice to Market

Iguatemi Empresa de Shopping Centers S.A. (BM&FBOVESPA: IGTA3) ("Iguatemi" or "Company"), pursuant to Article 12 of CVMInstruction 358/02, hereby discloses to the market the communication received from its shareholder GIC Private Limited ("Investor"), in which it communicates the acquisition of relevant stake in this Company.

GIC Private Limited reached a relevant stake of 5,021% (8.867.497 shares) of Iguatemi's shares on January 13th, 2016.

This is a minority investment that does not change the Company's corporate control or the management structure.

For additional information, please contact guatemi'sInvestor Relations area.

Sao Paulo, January 14th, 2016.

Cristina Betts

CFO andInvestor Relations Director

13 January 2016 Attn:

Cristina Anne Betts

Investor Relations Director

lguatemi Empresa De Shopping Centers S.A. R Angelina Maffei Vita 200 - 9 Andar

1455070 Sao Pulo Brazil

Dear Sir,

OFFICIAL DECLARATI ON - POSITION I N I GUATEMI EMPRESA DE SHOPPING CENTERS S.A. SHARES

Pursuant to Article 12 of CVM Instruction no. 358, we are required to notify lguatemi Empresa De Shopping Centers S.A. that our holdings in lguatemi Empresa De Shopping Centers S.A. Shares (ISIN: BRIGTAACNOR5) have reached the 5% disclosure

I1' m1't as of 12 January 2016 The table beIow .indr' cates the detar·1s of our h0Idm'

gs:

Passenger Ace Name	Qualification	Tax ID	Holdings	% Holdings*
Government of Singapore	Legal entity constituted outside Brazil	08.765.815/0001-73	8,590, 146	4.864%
Monetary Authority of Singapore	Legal entity constituted outside Brazil	05.840.118/0001-41	277,351	0.157%
Total Holdings			8,867,497	5.021%
Legal Representative Full name: Citibank Distribuidora De Titulos E Valores Mobiliarios S.A. Tax ID: 33.868.597/0001-40

* Based on number of shares of 176,611,578

Other than the shareholding detailed above, we do not hold, directly or indirectly, any other shares, rights over shares, other securities, and financial derivative instruments referenced to shares on lguatemi Empresa De Shopping Centers S.A. at the time of writing.

Please be informed that our interest in lguatemi Empresa De Shopping Centers

S.A. extends only as far as maintaining a diversified trading portfolio. As such, we have no interest in altering the composition of the control or administrative structures of lguatemi Empresa De Shopping Centers S.A.

GIC Private Limited

168 Robinson Road #37-01 Capital Tower Singapore 068912 Tel: [phone]

Company Registration No., 198102265N

Furthermore, at the time of writing, we are not a party to any agreement or contract regulating the right to vote or purchase and sell securities issued by lguatemi Empresa De Shopping Centers S.A.

Finally, we would be grateful if you would forward this declaration to the Comissao

de Va/ores Mobiliarios, Bovespa.

Please do not hesitate to contact Mr Jimmy Teo at 65-68898787 or GrplODSubshare@gic. com.sg should you require any further information or clarification.

Thank you for your kind attention.

Yours faithfully,

Jimmy Teo Poh Leong Senior Vice President

Investment Operations Department

Carol Tan Siew Shean Senior Vice President

Investment Operations Department