Redemption of redeemable preferred shares of Makira II

São José dos Pinhais, November 9th , 2015. TOTVS S.A. (BM&FBOVESPA: TOTS3), in addition to the notice to shareholders disclosed on October 22, 2015, informs that on November 10, 2015, TOTVS, as the successor of Makira II Empreendimentos e Participações S.A. ('Makira II'), will pay to former shareholders of Bematech S.A. ('Bematech)', the amount of R$0.111452310 for the redemption of each redeemable preferred share issued by Makira II, which is the equivalent to R$9.473446353 per share of Bematech. The amounts herein indicated already incorporate the restatement by 100% of the interest rate for certificates of interbank deposits for one business day, published by CETIP S.A. - Mercados Organizados, expressed in annual percentage, equivalent to the daily result, calculated based on a 252-business day year, as of October 5, 2015 up to November 10, 2015 of the redemption amount which was subject to the General Shareholders Meetings of TOTVS and Bematech, both held on September 3, 2015.

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