ALL - AMÉRICA LATINA LOGÍSTICA S.A.

Corporate Taxpayer's ID (CNPJ/MF): 02.387.241/0001-60

Company Registry (NIRE): 413 00 019886

Publicly-Held Company

Category A

ALL - AMÉRICA LATINA LOGÍSTICA MALHA NORTE S.A.

Corporate Taxpayer's ID (CNPJ/MF):

24.962.466/0001-36

Company Registry (NIRE): 51.300.004.453

Publicly-Held Company

Category A

ALL - AMÉRICA LATINA LOGÍSTICA MALHA OESTE S.A.

Corporate Taxpayer's ID (CNPJ/MF):

39.115.514/0001-28

Company Registry (NIRE): 35.300.156.200

Publicly-Held Company

Category B

ALL - AMÉRICA LATINA LOGÍSTICA MALHA PAULISTA S.A.

Corporate Taxpayer's ID (CNPJ/MF): 02.502.844/0001-66

Company Registry (NIRE): 35.300.155.181

Publicly-Held Company

Category B

MATERIAL FACT

ALL - AMÉRICA LATINA LOGÍSTICA S.A. ("Company"), the parent company of ALL - AMÉRICA LATINA LOGÍSTICA MALHA NORTE S.A., ALL - AMÉRICA LATINA LOGÍSTICA MALHA OESTE S.A. and ALL - AMÉRICA LATINA LOGÍSTICA MALHA PAULISTA S.A., (jointly, "Grupo ALL"), complementing the Material Fact published on January 9,
2014, and with reference to the articles published yesterday in the newspapers Valor Econômico and

O Estado de São Paulo, hereby reiterates that Grupo ALL is studying alternative solutions for its legal/arbitration dispute with Rumo Logística Operadora Multimodal S.A. ("Rumo") and that, at the

moment, it cannot predict their outcome, and that a corporate arrangement with Rumo is just one of
the alternative solutions, among the other possible ones, still being discussed between the parts involved.
Independently of the course of commercial relations between Grupo ALL and Rumo, Grupo ALL states that there has been no change in their investment plans and will continue with its projects, with a focus on expanding transported volume and on productivity gains.
Finally, the Company announces that its railway concessionaires are compliant with the obligations in their respective concession agreements, as well as with the regulatory framework currently applicable to the concessionaires.

Grupo ALL will keep its shareholders and the market informed of any further developments in regard to the matter that is the object of this Material Fact.

Curitiba, January 14, 2014. Rodrigo Barros de Moura Campos

Chief Financial and Investor Relations Officer

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