NOTICE TO THE MARKET

NOTICE TO THE MARKET

2015/2016 RATING REVIEW

The Concessionária do Aeroporto Internacional de Guarulhos S.A. (“Company”), herby, communicates to its debenture holders (Debenture 1st and 2nd Issuance) that on October 23, 2015 Fitch Ratings (“Fitch”), credit rating agency, lower the local credit rating for GRU Airport Debenture Issues 1 and 2 to ‘AA-(bra)’, with a negative Perspective.

As such, the updated ratings for debentures issued are as follows:

1st series of 1st Debenture Issued, totaling BRL 75 million, due in March, 2025: National Long Term Rating lowered to ´AA-(bra)´ (AA minus (bra)). Perspective altered from Stable to Negative;

2nd series of 1st Debenture Issued, totaling BRL 75 million, due in June, 2025: National Long Term Rating lowered to ´AA-(bra)´ (AA minus (bra)). Perspective altered from Stable to Negative;

3rd series of 1st Debenture Issued, totaling BRL 75 million, due in September, 2025: National Long Term Rating lowered to ´AA-(bra)´ (AA minus (bra)). Perspective altered from Stable to Negative;

4th series of 1st Debentures Issued, totaling BRL 75 million, due in December, 2025: National Long Term Rating lowered to ´AA-(bra)´ (AA minus (bra)). Perspective altered from Stable to Negative;

Single Series 2nd Debenture Issued, totaling BRL 300 million, due in October, 2026: National Long Term Rating lowered to ´AA-(bra)´ (AA minus (bra)). Perspective altered from Stable to Negative;

Guarulhos, October 26, 2015

Gustavo Artur Ciocca Zeno
Finance & Investors Relations Executive Director