EBITDA of R$ 76.0 million (+18.4%), with a 25.4% margin (+3.8 p.p.). Higher full-price sales volume, with 46.5% reduction of remarked-price sales.

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2 São Paulo, Brazil, May 7, Restoque Comércio e Confecções de Roupas S.A. ( Company ) (LLIS3), leading company in the premium clothing and apparel retail industry in Brazil, presents its results for the first quarter of 2018 (1Q18) in accordance with the international accounting standards (IFRS). Comparisons refer to the first quarter of 2017 (1Q17) or as indicated. EBITDA of R$ 76.0 million (+18.4%), Net Profit of R$ 20.4 million (+R$ 30.6 million) Same Store Sales of +7.4%, Retail Productivity +9.0% Gross profit of R$ million (+14.0%), with a 64.1% gross margin (+7.5 p.p.) Results Conference Call Date: May 8, 2018 (Tuesday) Time: 11:30 am (Brasília time) Sixth consecutive quarter of same-store sales (SSS) growth +7.4%, with a gain of +9.0% in sales/sqm in our own stores. EBITDA of R$ 76.0 million (+18.4%), with a 25.4% margin (+3.8 p.p.). Net profit of R$ 20.4 million, compared with a loss of R$ 10.3 million in 2017, marking the beginning of a new cycle of results for the Company. Phone for connection: Phone for replay: +55 (11) (code: Restoque) Gross profit growth of 14.0%, reaching R$ million and 64.1% (+7.5 p.p.) gross margin, with a reduction in the markdown volume, productivity gains in retail stores, costs reduction due to a rationalization of our industrial facilities and distribution centers during 2017, a reduction of 25.6% in the number of outlets, compared to December 2017, and a -3.3% decrease on outlet sales compared to 1Q17. Retail revenue growth of 3.2% increasing the profitability of our own stores base (+ 9.0% in sales / sqm) and reducing 24 stores compared to 1T17. Conference Call in Portuguese with simultaneous translation to English Phone for connection: Phone for replay: +55 (11) (code: Restoque) CEO: Livinston Bauermeister IRO: Rafael de Camargo Investor Relations Phone: +55(11) Rua Othão, n. 405, CEP , São Paulo, SP Brazil Higher full-price sales volume, with 46.5% reduction of remarked-price sales. 40.2% decrease in net financial expenses. Net Profit adjusted by the goodwill amortization (defined as cash earnings throughout this document) reached R$ 24.7 million with an 8.3% net margin. In thousands of R$ 1Q17 1Q18 Change % 1Q18 /1Q17 Gross Sales (excluding returns) 393, , % Le Lis Blanc 164, , % Bo.Bô 32,302 23, % John John 67,110 70, % Rosa Chá 13,930 7, % Dudalina 85,861 96, % Individual 25,508 19, % Base 4,473 4, % Net Operating Revenue 297, , % Gross Profit 168, , % Gross Margin 56.6% 64.1% 7.5 p.p. EBITDA 64,153 75, % EBITDA Margin 21.6% 25.4% 3.8 p.p. Net Income (10,259) 20,373 n.a. % of Net Revenue -3.5% 6.8% 10.3 p.p. Net Income Adjusted by "goodw ill" amortization (10,259) 24,731 n.a. -3.5% 8.3% 11.7 p.p.

3 Highlights of the Period In this quarter, the Company continued to reap the benefits of its strategy focused on profitability and business efficiency. Productivity gains The Company ended 1Q18 with 41 stores less (-12.5%) than in 1Q17 and achieved a 9.0% gain in retail channel, SSS productivity of 7.4%, the sixth consecutive quarter of productivity growth and positive SSS. The Company focused on reducing our store base (i) in places where there was a high intersection of customers with our other stores and focused on maintaining the consumption of these customers in our remaining stores and (ii) in stores where the cost of occupancy or overall profitability of the stores were not right. In addition, Restoque is renewing its existing stores (e.g.: renewal of Le Lis Blanc from Shopping Leblon completed in March / 2018) and repositioning stores to better points of sales (e.g.: street store closure in Paraíso, São Paulo, and opening at Shopping Paulista; closure of the street store in Santana, in São Paulo, and opening at Shopping Center Norte). We continue to evolve our store management based on our LiveRetail real-time management technology, which has gained breadth, depth and has been fundamental in maintaining a new level of efficiency in our retail management. Full-Price Sales Volume Since the beginning of 2017, the Company has focused on selling more at full price. In addition to the gross margin improvement, this strategy is also concerned with the differentiated positioning of our brands and our long-term strategy of focusing on the high perception of value of our products. In 1Q18, total volume of markdown sales was 46.5% lower than in 1Q17. There was less remarking events, lower sales volume during the settlement period, a 25.6% reduction in the number of outlet stores, less sales volume of products from previous collections, and a reduction in online sales of discounted products. Expenses restructuring The Company consolidated a new level of administrative expenses, starting in 1Q18 with an overhead personnel 45.8% lower than at the beginning of 1Q17. The Company s management was fully located at the headquarters in São Paulo, and the administrative headquarters of Dudalina in Blumenau was deactivated and the property was put up for sale. There was also an increase in efficiency in several other items within this group of expenses. At the same time, we increased our investment in marketing, sales force, commissions, and various other items related to improving our customers' shopping Operating Efficiency Gain The Company is also benefiting from measures implemented during 2017, pursuing operational efficiency enhancements. It s worth mentioning the reduction of the number of plants, the transfer of the logistics operation and a industrial plant from Blumenau to Goiás, and the reduction of manufacturing overhead. During 1Q18 we have also implemented investments for further improvements of our operation in Goiás. Working Capital We had a loss of R $ million in working capital in 1Q18, mainly due to the combination of an increase in inventories and a decrease in accounts payable (-31.0% in accounts payable days). The increase in the level of our inventory, seasonally observed in the first quarter, was boosted this year due to (i) the productivity our logistics operation in Goiás, which, although evolving, has not yet reached the level equivalent to the previous operation in Blumenau, (ii) imported products and raw materials received in anticipation. The inventory level is expected to improve gradually in the coming quarters and we expect that by the end of this year we should have a level equal to or lower than the end of In addition, the Company had a reduction of the average accounts payables due to the proportional increase of imports, which has a tax component paid in advance, and some changes in our supply chain. Also in this case, we should have a gradual improvement over the next quarters, reaching the end of 2018 with a stable average term compared to

4 As a result of this strategy, started about 2 years ago, we achieved a significant improvement in our gross profit (+ 14.0%), gross margin, which reached 64.1% (+7.5 pp) and EBITDA (+18,4%), reaching R$ 76 million. In addition, we started a new profitably cycle of the Company, with a profit of R$ 20.4 million and a net margin of 6.8%. Considering the use of goodwill amortization, we reached cash earnings of R$ 24.7 million, with a margin of 8.3%. Follow below first quarters comparative charts: Graph 1: Net Revenue (R$ mn) Graph 2: Comparative 1Q (Gross Margin) % 59.0% 52.9% 56.6% 64.1% 1Q14 1Q15 1Q16 1Q17 1Q18 1Q14 1Q15 1Q16 1Q17 1Q18 Graph 3: Gross Profit (R$ mn) Graph 4: EBITDA (R$ mn) 14.0% 18.4% Q17 1Q18 1Q17 1Q18 Finally, the Net Debt / Adjusted EBITDA ratio for the last twelve months was 2.23x. Keeping its focus on cash generation and reduction of net debt, the Company maintains its goal of ending the year 2018 with a Net Debt / EBITDA ratio below 1.5 times. 4

5 Summary of Operations The table below shows the Company s main operating indicators: Company Consolidated 1Q17 1Q18 Change % 1Q18 /1Q17 Total number of company stores % Total sales area of company stores (m²) 55,775 51, % Average sales area of company stores (m²) 55,702 52, % Sales per Square Meters (R$/m²) 3,034 3, % Average ticket % SSS 17.8% 7.4% n.a Le Lis Blanc (1) Total number of company stores % Total sales area of company stores (m²) 34,677 31, % Average sales area of company stores (m²) 34,677 32, % Sales per Square Meters (R$/m²) 2,745 2, % Average ticket % SSS 19.7% -0.2% n.a Dudalina S.A Total number of company stores % Total sales area of company stores (m²) 5,206 5, % Average sales area of company stores (m²) 5,262 5, % Sales per Square Meters (R$/m²) 5,414 7, % Average ticket % SSS 36.7% 50.1% n.a Bo.Bô Total number of company stores % Total sales area of company stores (m²) 3,107 2, % Average sales area of company stores (m²) 3,176 2, % Sales per Square Meters (R$/m²) 5,245 4, % Average ticket 1,326 1, % SSS 8.1% -27.5% n.a John John Total number of company stores % Total sales area of company stores (m²) 9,595 9, % Average sales area of company stores (m²) 10,299 9, % Sales per Square Meters (R$/m²) 2,266 2, % Average ticket % SSS 18.0% 12.2% n.a Rosa Chá Total number of company stores % Total sales area of company stores (m²) 3,191 2, % Average sales area of company stores (m²) 3,384 2, % Sales per Square Meters (R$/m²) 1,390 1, % Average ticket 255 1, % SSS -35.4% 21.1% n.a (1) The Company s combined operational information presentation incorporates the Noir, Le Lis brand. 5

6 Stores and Sales Area The Company moved from a base of 307 stores at the end of 1Q17 to 283 at the end of 1Q18, following its plan to increase efficiency in retail, focusing on higher productivity of the existing stores base, profitability increase and cash generation. The implementation of this plan has resulted in an increase of 9.0% of productivity per sqm of the Company in 1Q18 in relation to 1Q17. At the end of 1Q18, the average sales area per own store was 184.0m 2, with 330.9m 2 being the average area of Le Lis Blanc brand stores, 70.4m 2 the average area of the Dudalina stores, 80.5m 2 the average area of Bo.Bô stores, 169.9m 2 the average area of John John stores and 118.3m 2 the average area of Rosa Chá stores. Gross revenue (excluding returns) Gross revenue in 1Q18 totaled R$387.9 million, a 1.4% decrease compared with 1Q17. Graph 5: Gross Sales per channel (R$ mn) -1.4% 393,4 387,9 Other Channels 48,2 46,0-4.6% Wholesale 113,7 102,9-9.5% Owned Stores 231,6 239,1 +3.2% Own stores 1Q17 1Q18 1Q18 achieved consistent results for same store sales, with an improvement of 7.4%, aligned to previous quarters resuls. John John recorded, in this quarter, the sixth consecutive sales growth period in same stores, reaching a +12.2% SSS. Growth was also recorded for Rosa Chá (+21.1%), as a result of a strateg to return its position as a distinguished and high-price brand, and Dudalina (+50.1%). Dudalina s growth occurred over a 1Q17 base which had already grown 36.7% and was partly affected by calendar effect in relation to the previous year. It is worth mentioning that the gross revenue of the Rosa Chá brand is below the previous year due to the reduction in the number of stores, which went from 28 stores in 1Q17 to 20 in this quarter. Le Lis Blanc, the Company s biggest brand, recorded a -0,2% variation in SSS, with a smaller volume of markdown sales, and Bo.Bô registered a -27.5% drop in SSS, also affected by a smaller volume of promotional sales, but also due to commercial and designers team restructuring. 6

7 Multi-brand stores The wholesale channel for multi-brand stores had revenues of R$ million in the quarter, 9.5% below 1Q17. Consistent with the results from previous quarters, John John recorded in 1Q18 a wholesale channel growth of 22.7% in comparison with 1Q17. The performance of this channel was affected by the lower efficiency of our operation in Goiás in relation to the logistics operation in 1Q17, which was still in Blumenau, where Dudalina operated for many years. Our Goiás operation has been gaining efficiency and a series of investments were implemented throughout 1Q18. In this way, the performance of this channel was affected by a lower efficiency of operational procedures and not by sales performance. Other Channels E-commerce: On 1Q18, the Company recorded R$ 9.0 million of e-commerce sales (-4.0%), representing approximately 2.3% of the Company s revenues. Outlets Comprising the Outlets operating under the "Estoque" brand, this channel had a 3.3% sales reduction in 1Q18, aligned with the Company's strategy of selling less merchandise at a discount. This variation is in correlation with the recovery of margins presented by the Company and the inventory reduction strategy of past collections adopted in Throughout 1Q18, 25.6% of stores in this channel were closed as a result of the Company's strategy to reduce this channel. Gross Profit In 1Q18, gross profit was of R$ million (+14.0%), representative of a 64.1% gross margin (+7.5 p.p.), especially due to: 1. The increase of full-price sales (drop of 46.5% in the volume of discounts), with a better performance of sales season; 2. The strategy of accelerating the reduction of inventories of past collections adopted in 2017, setting the volume of goods in discount channels to the retail sales cycle and decreasing the sales pressure on the channel. 3. The simplification of our logistics structure in 2017, going from three to two distribution centers. Our distribution center in Santa Catarina was deactivated and transferred to Goiás. In São Paulo, we deactivated one of our distribution centers due to the reduction of inventories for finished clothes and efficiency gains. In addition, we reduced our industrial facilities from five to three plants, with productivity gains. Graph 6: Gross Profit (R$ mn) and Gross Margin (%) Gross Margin (%) Gross Profit (R$ Million) 168,3 191,9 +14,0% 56,6% 64,1% 1Q17 1Q18 7

8 Sales, General and Administrative Expenses (SG&A) Sales, general and administrative expenses in 1Q18 increased 4.9 p.p. in relation to net revenue, when compared to 1Q17, mainly due to the increase in marketing expenses. In 1Q18, sales, general and administrative expenses, excluding depreciation and amortization, amounted to R$ million, representing 40.3% of the net operating revenue (35.4% in 1Q17). EBITDA, EBITDA Margin and Net Profit As a consequence of the increase in gross revenue and margin, the EBITDA for 1Q18 reached R$ 76.0 million (+18.4%) with a 25.4%-margin (+3.8 p.p.). In 1Q18, the net profit was of R$ 20.4 million, compared to a net loss of R$ 10.3 million in 1Q17 (a R$ 30.6 million growth). Contributing to such result, in addition to the operational improvement reflected in the EBITDA increase, there are smaller financial expenses and smaller volume of depreciation and amortization. With the goodwill amortization of the Dudalina S.A. merger, the Company had a 100% of tax shield. As a result, cash earnings reached R$ 24.7 million, with a net margin of 8.3%. The decrease in net financial expenses, from R$ 51.6 million to R$ 30.8 million (-40.2%), occurred in line with the lower Selic rate. The improvement in depreciation and amortization, going from R$ 25.9 million to R$ 20.4 million (-21.1%) is mostly due to the restructure promoted in 2017, with the rationalization of the stores, industrial plants and distribution centers. Cash Flow and Investments Operating cash flow after investments totaled R$ million during 1Q18. The increase in the level of our inventory, seasonally observed in the first quarter, was boosted this year due to (i) the productivity our logistics operation in Goiás, which, although evolving, has not yet reached the level equivalent to the previous operation in Blumenau, (ii) imported products and raw materials received in anticipation. The inventory level is expected to improve gradually in the coming quarters and we expect that by the end of this year we should have a level equal to or lower than the end of In addition, the Company had a reduction of the average accounts payables due to the proportional increase of imports, which has a tax component paid in advance, and some changes in our supply chain. Also in this case, we should have a gradual improvement over the next quarters, reaching the end of 2018 with a stable average term compared to (In thousands of R$) 1Q17 1Q18 Change R$ 1Q18 /1Q17 Change % 1Q18 /1Q17 EBITDA 64,153 75,962 11, % Current Income tax and Social Contribution (4,126) - Δ Receivable (6,635) (25,457) Δ Inventories (27,119) (88,931) Δ Suppliers 3,920 (34,102) Δ Others (27,552) (39,792) Adjusted operating cash flow 2,641 (112,320) (114,961) n.a Capex (23,928) (26,180) (2,252) 9.4% Adjusted operating cash flow after investments (21,287) (138,500) (117,213) 550.6% Adjusted operating cash flow after investments (21,287) (138,500) (117,213) 550.6% Financial transactions (15,044) (10,878) Financial Investments - - Securities - - Accounting operating cash flow after investments (36,331) (149,378) (113,047) 311.2% 8

9 Indebtedness With an EBITDA LTM of R$ million, the adjusted net debt/ebitda index was of 2.23 times. The Company's management also aims at closing the 2018 financial year with a net debt/ebitda ratio lower than 1.5 times. (In thousands of R$) 1Q17 4Q17 1Q18 Cash and cash equivalents 247, , ,673 Loans and financings, short-term (629,183) (468,522) (465,731) Loans and financings, long-term (333,665) (544,390) (495,483) Net Debt (715,787) (603,172) (773,541) About Restoque Restoque is the leading designer and specialty retailer of women s premium fashion apparel and accessories in Brazil. We currently have 7 brands: Le Lis Blanc, Dudalina, Bo.Bô, John John, Individual, Base e Rosa Chá. Our customers are mainly women and men in the higher income brackets, of a broad age group. We develop a wide product line for a variety of occasions and lifestyles, designing our products. We currently sell our products through company stores, online sales and multi-brand stores. We project our image through all aspects of our business, including our premium products, the shopping experience in our stores, and our superior customer service. Legal Disclaimer Forward-looking statements made herein are subject to risks and uncertainties. Such statements are based on beliefs and assumptions by the Management and information to which the Company currently has access. Forward-looking statements include information about current intentions, beliefs or expectations of the Company. Reservations relating to statements and information about the future also include information on possible or presumed operating results, as well as statements that are preceded and followed by, or that include the words believes, may, will, continues, expects, foresees, intends, plans, estimates, or similar expressions. Forward-looking statements and information are not guarantees of performance. They involve risks, uncertainties and assumptions because they refer to future events, therefore, depending on circumstances that may or may not occur. The future results and the creation of value for shareholders may differ in a significant manner from those expressed or suggested by the statements relating to the future. Many of the factors that shall determine these results and values are beyond the capacity of control or forecast of the Company. In addition, additional unaudited or audit-reviewed information contained herein reflects the Company's management's interpretation of information arising from its quarterly information and its related adjustments, which were prepared in accordance with market practice and for the sole purpose of a more detailed analysis and specific to the Company's results. Accordingly, such additional considerations and data must also be analyzed and interpreted independently by the shareholders and market agents who must make their own analyzes and conclusions on the results disclosed herein. No data or interpretative analysis performed by the Company's Management should be treated as a guarantee of performance or future results and are merely illustrative of the Company's management's view on its results. The Company's management is not responsible for the compliance and accuracy of the managerial financial information discussed in this report. Such management financial information shall be considered for informational purposes only and not in a manner that supersedes the analysis of our revised quarterly information or annual financial statements audited by independent auditors for the purpose of deciding whether to invest in our shares or for any other purpose. 9

10 Balance Sheet (Consolidated) - Assets (In thousands of R$) 1Q17 % of Total 4Q17 % of Total 1Q18 % of Total Change R$ 1Q18 /1Q17 Change % 1Q18 /4Q17 Current assets Cash Accounts and cash receivable equivalents from 247, , , (24.0) (54.2) clients 59, , , Inventories 363, , , Recoverable taxes 31, , , Prepaid expenses 11, , , Other accounts receivable 10, , , Total current assets 723, , , (10.8) Noncurrent assets Long-term assets Judicial deposits 5, , , Tax credits 96, , , (0.6) Prepaid expenses n.a. Recoverable taxes (100.0) n.a. Fixed assets 368, , , (45.7) 0.7 Intangible 1,889, ,889, ,892, Total noncurrent assets 2,360, ,795, ,795, (0.0) Total Assets 3,083, ,690, ,594, (2.6) 10

11 Balance Sheet (Consolidated) - Liabilities (In thousands of R$) 1Q17 % of Total 4Q17 % of Total 1Q18 % of Total Change R$ 1Q18 /1Q17 Change % 1Q18 /4Q17 Current liabilities Loans and financing 434, , , (13.0) (3.1) Debenture 195, , , (54.9) 12.1 Accounts payable to suppliers 254, , , (5.5) (12.4) Tax liabilities 41, , , (22.4) Labor liabilities 45, , , (7.0) (5.9) Tax financing and tax incentives 12, , , (74.6) (41.8) Other accounts payable 20, , , (18.0) (42.5) Capital lease 1, , , Total current liabilities 1,005, , , (9.6) (6.8) Noncurrent liabilities Long-term liabilities Loans and financing 262, , , (40.3) (23.8) Debenture 70, , , Provision for contingencies 51, , , (87.2) 3.5 Tax financing and tax incentives 8, , , (53.7) 5.3 Other accounts payable n.a. Capital lease 13, , , (9.7) (2.7) Total noncurrent liabilities 407, , , (8.9) Shareholders equity Capital stock 268, , , Capital reserve 1,493, ,195, ,195, (20.0) 0.0 Retained earnings (91,458) (3.0) , (122.3) n.a. Total shareholders equity 1,671, ,146, ,166, Total Liabilities and Shareholders Equity 3,083, ,690, ,594, (2.6) 11

12 Cash Flow (Consolidated) (In thousands of R$) 1Q17 1Q18 From operating activities Income before income and social contribution taxes (13,277) 24,731 Reconciliation of income before income and social contribution taxes to net cash provided by operating activities 59,707 41,120 Depreciation and amortization 25,880 20,421 Fixed assets and Intangible w rite-off 161 (579) Non deliverable forw ard expense - - Provision for contingencies (3,599) 224 Interest expenses 36,346 20,516 Foreign exchange variation on financings - (6) Bad debts Variable compensation provision - - Stock options plan Interest expense on capital lease Ajusted Present Value - PRODEC Provision for inventory losses Changes in assets and liabilities (58,832) (189,050) Accounts receivable from clients (6,635) (25,457) Inventories (27,119) (88,931) Recoverable taxes 5,249 (715) Prepaid expenses (4,561) (7,544) Related parties accounts payable 4,444 (950) Judicial deposits (166) (190) Accounts payable to suppliers 3,920 (34,102) Tax liabilities (13,674) (15,905) Labor liabilities (9,822) (2,699) Income tax and social contribution tax (4,126) - Other accounts payable (6,342) (12,557) Net cash generated from operating activities (12,402) (123,199) From investment activities Increase in fixed assets (9,845) (10,403) Sale of fixed assets - - Increase in intangible assets (14,083) (15,777) Financial Investments - - Net cash used in investment activities (23,928) (26,180) From financing activities with shareholders Loans and financing 24,674 - Loans and financing repayments (71,803) (63,643) Paid interests (45,414) (8,565) Capital leasing (480) (480) Dividends distribution - - Non deliverable forw ard payment - - Net cash used in financing activities with shareholders (93,023) (72,688) Increase (decrease) in cash and cash equivalents (129,353) (222,067) Cash and cash equivalents At the beginning of the period 376, ,740 At the end of the period 247, ,673 Increase (decrease) in cash and cash equivalents (129,353) (222,067) 12

13 P&L (Consolidated) (In thousands of R$) 1Q17 % of Net Revenue 1Q18 % of Net Revenue Change % 1Q18 /4Q17 Net operating revenue 297, , COGS (128,855) (43.4) (107,430) (35.9) (16.6) Gross Profit 168, , Operating revenues (expenses) Administrative and general expenses (54,395) (18.3) (54,435) (18.2) 0.1 Selling expenses (80,098) (27.0) (84,690) (28.3) 5.7 Other revenues and expenses 4, , (37.6) Financial Results (51,551) (17.3) (30,810) (10.3) (40.2) EBT (13,277) (4.5) 24, n.a Taxes 3, (4,358) (1.5) n.a Net income (10,258) (3.5) 20, n.a EBITDA 64, ,