KLABIN S.A. Publicly-Held Company CNPJ/MF no. 89.637.

490/0001-45 NIRE 35300188349 NOTICE TO SHAREHOLDERS

KLABIN S.A. (Company), in furtherance to the Notice to Shareholders published on November 28th, 2013, and in connection with the 6th issuance of debentures, mandatorily convertible into shares, of the subordinated type, in a single series (Debentures and Issuance, respectively), which were the object of private placement as per the terms and conditions set out under the Private Deed of the Sixth (6th) Issuance of Debentures Mandatorily Convertible into Shares, of the Subordinated Type, Single Series, for Private Placement of Klabin S.A. (Deed of Issuance), hereby informs its shareholders that the period for the exercise of the preemptive rights for the subscription of the Debentures concluded on December 27th, 2013 (Preemptive Rights and Preemptive Period, respectively). During the Preemptive Period, the subscribers were allowed to submit firm subscription orders for any remaining Debentures which had not been subscribed by means of the Preemptive Rights (Unsubscribed Debentures), setting forth the maximum number of Unsubscribed Debentures which they intended to subscribe. During the Preemptive Period, through the exercise of the Preemptive Rights, a total of 25,449,343 (twenty five million, four hundred and forty nine thousand, three hundred and forty three) Debentures were subscribed, amounting to R$ 1,590,583,937.50 (one billion, five hundred and ninety million, five hundred and eighty three thousand, nine hundred and thirty seven reais and fifty cents), which corresponds to 93.56% (ninety three point fifty six percent) of the total amount of the issuance, i.e., R$1,700,000,000.00 (one billion, seven hundred million reais) (Total Issuance Amount), thus resulting in 1,750,657 (one million, seven hundred and fifty thousand, six hundred and fifty seven) Unsubscribed Debentures or 6.44% (six point forty four per cent) of the Total Issuance Amount. With the conclusion of the exercise of the Preemptive Rights, the subscription orders for Unsubscribed Debentures were accounted for, resulting in a number higher than the available Unsubscribed Debentures, as informed above. As such, pursuant to applicable law, the Unsubscribed Debentures were apportioned among the subscribers which requested Unsubscribed Debentures proportionally to the number of Debentures subscribed by each of them by means of the Preemptive Rights, subject to the maximum quantity set forth by each subscriber in the respective firm subscription orders for Unsubscribed Debentures. The factor used for such apportionment, resulting from the division of the number of Unsubscribed Debentures by the number of Debentures subscribed by means of the exercise of the Preemptive Rights by the subscribers which requested Unsubscribed Debentures, was 0.119499979, with the full subscription of the aforementioned 1,750,657 Unsubscribed Debentures. Consequently, in light of the exercise of the Preemptive Rights and of the results of the apportionment of the Unsubscribed Debentures, the entirety of the 27,200,000 (twenty

seven million, two hundred thousand) Debentures was subscribed, totaling the Total Issuance Amount. The Debentures shall be paid in by their unit par value, i.e., R$62.50 (sixty-two reais and fifty cents), multiplied by the total quantity subscribed by each subscriber in the context of the Preemptive Rights and of the Unsubscribed Debentures, in national currency, on January 6th, 2014. Subscribers which have subscribed Debentures through Ita Corretora de Valores S.A., the bookkeping agent, or directly by the Company, will be informed with respect to the total number of subscribed Debentures and total amount to be paid in. Subscribers which have subscribed Debentures through BM&FBOVESPA must follow the instructions of their respective custody agents. Debentures subscribed by means of the Preemptive Rights and apportionment of Unsubscribed Debentures shall be paid in by the subscribers no later than January 6th, 2014, by means of: (i) wire transfer to the Companys bank account #1932-2, branch #0910 of Banco Ita (341), in case the subscription has been effected through the Company or the bookkeeping agent; and (ii) the instructions given by the custody agents, in the case of the holders of subscription rights in custody of BM&FBOVESPA. Further information may be obtained at the Companys Investor Relations Department, located at Avenida Brigadeiro Faria Lima n. 3,600, 3rd, 4th and 5th floors, Itaim Bibi, in the city of So Paulo, State of So Paulo, or at the Companys website (http://klabin.com.br/ir). So Paulo, December 30, 2013. Klabin S.A. Antonio Sergio Alfano Investor Relations Officer