Raizen Energy Finance Limited Announces the Tender Results and Settlement of the Cash Tender Offer for up to U.S.$200,000,000 in Aggregate Principal Amount of its 7.00% Senior Notes Due 2017

SÃO PAULO, March 21, 2016 /PRNewswire/ -- Raizen Energy Finance Limited ("Raizen"), a wholly owned subsidiary of Raizen Energia S.A. ("Raizen Energia"), today announced the final tender results and settlement of its previously-announced tender offer to purchase for cash from each registered holder (each, a "Holder" and, collectively, the "Holders") up to U.S.$200,000,000 in aggregate principal amount (the "Maximum Tender Amount") of Raizen's outstanding 7.00% Senior Notes due 2017 (the "Notes") (the "Offer") pursuant to the offer to purchase dated February 22, 2016 (the "Offer to Purchase") and the related letter of transmittal (the "Letter of Transmittal" and, together with the Offer to Purchase, the "Offer Documents") previously distributed to the Holders of Notes.

The Offer expired at 11:59 p.m., New York City time, on March 18, 2016 (such date and time, the "Expiration Date").

The early tender and withdrawal deadline for the Offer was 5:00 p.m., New York City time, on March 4, 2016 (such date and time, the "Early Tender Time" and "Withdrawal Deadline").

Raizen has been advised that, as of the Expiration Date, U.S.$195,943,000 in aggregate principal amount of Notes, or approximately 48.99% of the Notes outstanding, have been validly tendered and not validly withdrawn pursuant to the Offer.

All Notes validly tendered at or prior to the Expiration Date and not validly withdrawn at or prior to the Withdrawal Deadline have been accepted for purchase and will be paid in full, including unpaid and accrued interest, by Raizen on March 22, 2015 (the "Settlement Date").

The table below summarizes certain payment terms of the Offer and the aggregate principal amount of Notes that were tendered and accepted and Notes that remain outstanding:

________________
(1)  Per U.S.$1,000 principal amount of Notes tendered and accepted for purchase.
(2)  Includes Early Tender Payment.

The total consideration for each U.S.$1,000 principal amount of the Notes is U.S.$1,032.50 (the "Total Consideration"), which includes an early tender payment of U.S.$30.00 per U.S.$1,000 principal amount of the Notes (the "Early Tender Payment") and a tender payment of U.S.$1,002.50 per U.S.$1,000 principal amount of the Notes (the "Tender Consideration"). The Early Tender Payment is payable only to Holders of the Notes who tendered and validly delivered and did not withdraw their Notes prior to or at the Early Tender Time. Holders who validly tendered their Notes after the Early Tender Time and prior to or at the Expiration Date will receive the Tender Consideration, namely an amount equal to the Total Consideration less the Early Tender Payment. In addition, Holders whose Notes are purchased in the Offer will receive accrued and unpaid interest in respect of their purchased Notes from the last interest payment date to, but not including, the Settlement Date.

The terms and conditions of the Offer are described in the Offer Documents previously distributed to the Holders.

The Dealer Managers for the Offer were:

The Information and Tender Agent for the Offer was Global Bondholder Services Corporation. To contact the Information and Tender Agent, banks and brokers may call +1 212-430-3774, and others may call U.S. toll-free: +1 866-470-4500. Additional contact information is set forth below.

Any questions or requests for assistance in relation to the Offer Documents may be directed to the Dealer Managers at their respective telephone numbers set forth above or to the Holder's broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offer. Requests for additional copies of the Offer Documents may be directed to the Information and Tender Agent at the addresses and telephone numbers set forth above. Documents relating to the Offer, including the Offer to Purchase and the Letter of Transmittal, are also available at http://www.gbsc-usa.com/raizen.

This announcement is neither an offer to purchase nor a solicitation of an offer to sell any of the Notes or any other securities.

The Offer was made solely pursuant to the Offer Documents.  The Offer was not made in, nor has Raizen accepted tenders of Notes from, any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. None of Raizen, Raizen Energia and Raizen Combustiveis S.A., as guarantors of the Notes, The Bank of New York Mellon as trustee, registrar and transfer agent, The Bank of Tokyo-Mitsubishi UFJ, Ltd., as principal paying agent, The Bank of New York Mellon (Luxembourg) S.A., as paying agent and transfer agent or any paying agent, transfer agent or listing agent, the Dealer Managers or the Information and Tender Agent has made any recommendation as to whether or not Holders should tender their Notes pursuant to the Offer.

Forward-Looking Statements
This notice includes and references "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may relate to, among other things, Raizen's, Raizen Energia's and Raizen Combustíveis S.A.'s business strategy, goals and expectations.

Although Raizen, Raizen Energia and Raizen Combustíveis S.A. believe the assumptions upon which these forward-looking statements are based are reasonable, any of these assumptions could prove to be inaccurate and the forward-looking statements based on these assumptions could be incorrect.

The matters discussed in these forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results and trends to differ materially from those made, projected, or implied in or by the forward-looking statements depending on a variety of uncertainties or other factors.

Raizen, Raizen Energia and Raizen Combustíveis S.A. undertake no obligation to update any of its forward-looking statements.

SOURCE Raizen Energy Finance Limited