Material Fact – Start of Leasing Operations

Mogi das Cruzes, October 13, 2014 – JSL (BM&FBOVESPA: JSLG3 and OTC: JSLGY) (“Company”), hereby informs its shareholders and the market in general that in view of favorable opinion of the Brazilian Central Bank as to the organizational structure implemented by JSL Arrendamento Mercantil S.A. (current name of BGN Leasing S.A. – Arrendamento Mercantil), referred entity will start its leasing operations as of this date.

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Denys Marc Ferrez
Investor Relations Officer