NOTICE TO THE MARKET

Curitiba, Brazil, January 2, 2013 - ALL - AMÉRICA LATINA LOGÍSTICA S.A. ("Company" or "ALL") and ALL - AMÉRICA LATINA LOGÍSTICA MALHA SUL S.A. ( "ALL Malha Sul") hereby informs its shareholders and the market in general, regarding the matters disclosed in the press on today's date, of the following:

(i) ALL has invested more than R$4.2 billion, in today's values, in its Concessionaire ALL Malha Sul since it was privatized, in 1997, significantly improving the quality of its railway system and leased rolling stock. The volume transported by ALL Malha Sul increased 160% from 1997 to 2011, nearly 3 times the local GDP growth in the period. Additionally, the accident rate in this railway system fell by 85%, according to a measure used to gauge the security targets of railway concessionaires;

(ii) Specifically regarding the performance of Concessionaire ALL Malha Sul in Rio Grande do Sul state, on which the article focused, the volume transported by ALL grew by virtually four times since 1997, representing approximately 5 times the region's GDP growth in the same period, while its accident rate dropped by more than 90%;

(iii) In relation to the fines imposed by ANTT, the National Road Transportation Agency, which the company considers groundless, ALL exercised its legitimate right of defense by submitting the matter to be resolved by the applicable administrative and/or judicial spheres, under the terms of the prevailing legislation;

(iv) ALL Malha Sul and the other railway concessionaires owned by the Company comply with the obligations set forth in the leasing and concession agreements.

Click here for the Notice to the Market.

Rodrigo Barros de Moura Campos

Chief Financial and Investor Relations Officer

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