Raia Drogasil SA : Notice to Shareholders - Public Sale

RAIA S.A.

CNPJ/MF n.º 60.605.664/0001-06
NIRE: 35.300.346.319
Authorized Publicly-Held Company

RAIA DROGASIL S.A.

CNPJ/MF n.º 61.585.865/0001-51
NIRE: 35.300.035.844
Authorized Publicly-Held Company
NOTICE TO SHAREHOLDERS

PUBLIC SALE

Raia S.A. ("Raia") and Raia Drogasil S.A., formerly named Drogasil S.A. ("Raia Drogasil"), in the merger of Raia's shares by Raia Drogasil ("Merger") and in addition to the Notice to Shareholders published on November 10th, 2011 and December 14th, 2011, hereby announces:
Due to the merger, Raia and Raia Drogasil shareholders had 30 (thirty) days of Withdraw Right, which began on November 14th, 2011 and ended on December 13th, 2011, inclusive, and that no dissident shareholder exercised the Right of Withdraw during the fixed period both for Raia and Raia Drogasil.
The last trading day of the shares issued by Raia under the ticker RAIA3 was on December
16th, 2011. From December 19th, 2011, also, the shares issued by Raia Drogasil are being traded under the ticker RADL.
As a result of the merger, Raia's shareholders received 2.29083790 common shares issued by Raia Drogasil for each owned common share issued by Raia. The fractions of common shares resulting from the replacement of the position of each Raia shareholder, if any, was rounded down to the closest integral number.
The resulting fractions of commons shares issued by Raia Drogasil from the replacement were then grouped into integral number of common shares, reaching a total of 395 (three
hundred and ninety five) shares ("Shares").
The shares will be sold on a Public Sale to be held at BM&FBOVESPA S.A. - Bolsa de Valores, Mercadorias e Futuros, on January 5th, 2012 at 5:55 pm ("Public Sale"), splitting the proceeds to Raia's shareholders who own fractions.
The net proceeds of the public sale will be credited no later than 10 business days from the date of the Public Sale to Raia's shareholders who have an updated record with appointed checking account number for receipt of the proceeds. To Raia's shareholders who do not
have an updated record or did not appoint a checking account number, the Public Sale proceeds will be available from January 20th, 2012 at Banco Itaú Unibanco S.A., which will make the payment upon ownership evidence, on any of their branches. Raia's shareholders who own fractions deposited at BM&FBOVESPA will receive their Public Sale proceeds through their custodian agents.
São Paulo, January 4th, 2012

RAIA S.A. Eugênio De Zagottis Investor Relations Officer RAIA DROGASIL S.A. Eugênio De Zagottis Investor Relations Officer