Netshoes Announces Receipt of Revised Centauro Offer and that the Netshoes Board Is Unable in the Available Time to Reach a Determination as to the Centauro Offer and Reaffirms Recommendation for a Transaction with Magazine Luiza

SÃO PAULO--(BUSINESS WIRE)--Netshoes (Cayman) Limited (NYSE: NETS) announces that it has received at 6:53 p.m. and 11:00 p.m. (São Paulo time) on June 13, 2019 further revised unsolicited proposals from Grupo SBF S.A., a sociedade anônima incorporated under the laws of Brazil and with shares listed in the Brazilian stock exchange (B3) under ticker “CNTO3” (“Centauro”), for purchase of all of the outstanding common shares of Netshoes through a merger transaction pursuant to which Netshoes shareholders would receive a payment in cash of US$4.10 for each share (the “Centauro Offer”).