1Q14 Earnings Release May 9, 2014

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Disclaimer

This notice may contain estimates for future events. These estimates merely reflect the expectations of the Company’s management, and involve risks and uncertainties. The Company is not responsible for investment operations or decisions taken based on information contained in this communication. These estimates are subject to changes without prior notice. This material has been prepared by Multiplus S.A. (“Multiplus“ or the “Company”) includes certain forward-looking statements that are based principally on Multiplus’ current expectations and on projections of future events and financial trends that currently affect or might affect Multiplus’ business, and are not guarantees of future performance. They are based on management’s expectations that involve a number of business risks and uncertainties, any of each could cause actual financial condition and results of operations to differ materially from those set out in Multiplus’ forward-looking statements. Multiplus undertakes no obligation to publicly update or revise any forward looking statements. This material is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Likewise it does not give and should not be treated as giving investment advice. It has no regard to the specific investment objectives, financial situation or particular needs of any recipient. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein. It should not be regarded by recipients as a substitute for the exercise of their own judgment.

1Q14 Highlights

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growth in Gross Billings vs 1Q13 to R$ 538.3 million

18.0%

million in cash generation vs R$ 84.0 million in 1Q13

R$ 99.7 More than

9.4%

growth in net revenue vs 1Q13 to R$ 440.7 million

million in net income vs 1Q13 to R$ 74.6 million

59.2 %

Value to members

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New ways of accessing account via iOS and Android

Direct point sale and renewal

Simplified redemptions procedures

“Resgates Incríveis”

Value to members

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More attractive offers in air tickets

Actions together with banks

Unforgettable redemptions

Best carnival of your life

Good moments get even better with your credit card

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383

446 466 472 468

50

100

150

200

250

300

350

400

450

500

1Q13 2Q13 3Q13 4Q13 1Q14

We reached 468 partners (coalition, accrual and redemption)

More than 12.5 million members

11.3 11.6

11.9 12.2

12.5

1Q13 2Q13 3Q13 4Q13 1Q14

Network growth

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Solid Gross Billings Growth

373.4 398.6

470.9

408.0 440.7

1Q13 2Q13 3Q13 4Q13 1Q14

R$ 440.7 mln in Net Revenue R$ 538.3 mln in Gross Billings

492.1 500.9 536.1

479.9

538.3

1Q13 2Q13 3Q13 4Q13 1Q14

R$ mln & bln points R$ mln

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Gradual breakage decline with non-air redemptions

increase

Breakage rate:

gradual decline as expected 12 months average, in %

19.9% 19.6% 19.1% 18.5% 18.2%

1Q13 2Q13 3Q13 3Q13 1Q14

Non-air redemptions maintains a good level in 1Q14 Non-air redemptions, in %

0.4%

2.1%

5.4%

9.2%

5.3%

7.7%

2010 2011 2012 2013 1Q13 1Q14

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Increasing cash generation and Net Income

R$ 99.7 mln in FCF* R$ 74.6 mln in Net Income

84.0 88.9

135.9

73.9

99.7

1Q13 2Q13 3Q13 4Q13 1Q14

46.8

57.4 62.2

65.8

74.6

1Q13 2Q13 3Q13 4Q13 1Q14

RS mln RS mln

*Excluding Dividends, Interest on Capital and variations of Prepaid Expenses and Capital (4Q12 and 1Q13 are adjusted with R$ 71.3 of anticipated settlement in Accounts Payable)

Thank you! Contact IR Team +55 11 5105-1847 invest@pontosmultiplus.com.br www.pontosmultiplus.com.br/ir