DIRECIONAL ENGENHARIA S.A.

Corporate Taxpayer's Identity (CNPJ/MF) no. 16.614.075/0001-00

Corporate Registry Identity (NIRE) no. 313.000.258-37

NOTICE TO THE MARKET

Belo Horizonte, January 18, 2013 - Direcional Engenharia S.A. (BM&FBOVESPA: DIRR3) - ('Company'),
pursuant to Article 12 of CVM Instruction 358/02, hereby discloses to the market that:

On January 18, 2013, Tarpon Gestora de Recursos S.A. ("Tarpon") declared that the number of common shares issued by the Company owned by the investment funds and portfolios administrated under discretionary management of Tarpon reached seven million, six hundred and nineteen-five thousand, six hundred and twenty-four (7,695,624), representing 4.96% of all common shares issued by the Company.

Attached hereto is the Statement of Material Reduction in Shareholdings sent by Tarpon.
Belo Horizonte, January 18, 2013.

José Carlos Wollenweber Filho

CFO and IR Officer

Silo Paulo, 18 de janeiro de 2013

À

Direcional Engenharia S.A. Rua Grao Para, no 466

Belo Horizonte, MG.

A/c: Diretoria de Relaçoes com lnvestidores

Carlos Wollenweber Filho

Prezados Senhores:

Sem prejuizo das informaçOes anteriormente prestadas ao mercado pelas instituiçoes administradoras dos fundos de investimentos, conforme exigido pela lnstruçao CVM

409, e pelos representantes Jegais dos investidores nao-residentes, conforme exigido pela Resoluçào CMN 2.689/00, Tarpon Gestora de Recursos S.A. ("Tarpon"), em atendimento à lnstruçao CYM n° 358, art. 12, informa que o nfunero de açoes ordim'trias de emissao da Direcional Engenharia S.A. ("Companhia") de titularidade dos fundos de investimentos e carteiras sob gestào discriciom1ria da Tarpon atingiu 7.695.624, representativas de 4,96% do total de açoes ordimirias de emissao da Companhia, urna reduçao de 5,02% em relaçào à ultima divulgaçào realizada pela Tarpon.

ente, _ Tarpon &,;' ).[;

CC: Comissào de Valores Mobiliarios - CVM

Superintendencia de Relaçoes com Empresas -Sra. Elizabeth Rios Machado

BM&FBOYESPA S.A.

Superintendencia Gera) -Sr. Edemir Pinto

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