NOTICE TO THE MARKET

BHG S.A. - Brazil Hospitality Group ("Company"), pursuant to Article 12 of CVM Instruction 358/02, hereby informs its shareholders and the market in general that, through a communication dated and received on August 29, 2014, it was informed by the shareholder Bank of America Corporation ("Bank of America"), that, on August 27, 2014, held in the aggregate, a total of 3.150.200 common shares of the Company, equivalent to 5.01% of the Company's outstanding common shares. Bank of America declares that the position herein mentioned was not acquired for the purpose of acquiring control of the Company, but rather is an investment held with no intent of altering the Company's administration, composition of control, or operations.

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Rio de Janeiro, September 1st, 2014

Luiz Felipe Negreiros de Sá

Chief Financial and Investor Relations Officer
BHG S.A. - BRAZIL HOSPITALITY GROUP

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