OREANDA-NEWS. September 30, 2011. Companhia Providencia Industria e Comercio - Providencia [BM&F BOVESPA: PRVI3], leader in the manufacturing and marketing of nonwovens in Brazil, with significant presence worldwide and in the Americas, announces to the market and to its shareholders that:

• It will anticipate payment in full for 15,000 free float simple debentures of the 1st Public, according to clause 3.18 of the Deed of Debentures of the First Public Issue of Simple Debentures, Non-Convertible into Shares, Unsecured, in Single Series, held on November 23, 2007 and amended on December 14, 2007 Full advanced payment will be on October 31, 2011 through a 100% (one hundred percent) payment to the Debenture Holders of the balance of the Nominal Value of the outstanding Debentures, to a total of BRD 100,500,000.00 (one hundred million five hundred thousand Reais), plus (i) Remuneration, calculated pro rata from the date of the last effective date of payment of amortization due to the date of effective payment of the amortization, and (ii) a bonus to the amount of BRD 422.223,82 (four hundred and twenty-two thousand, two hundred and twenty-three Reais and eighty two cents), calculated pursuant to Section 3.18 of the Deed;

• The company began its 3rd - Buyback Program of Company shares on September 26, 2011. The Board of Directors understands that this Program, which aims at buying back 2,260,000 shares within 365 days, to hold in treasury or cancel, is appropriate and in the company’s interest, given the price of the share quoted on the BM&F BOVESPA - Securities, Commodities and Futures Exchange  and the cash position held by the company. The Program spans 10% of the total of 22,624,648 common shares in free float and Itau Corretora de Valores S.A will execute the transaction; and

• The company arranged a credit line for BRD 100,000,000.00 (one hundred million Reais) as a pre-payment for export, maturing in 7 (seven) years, with a 2 (two) year grace period and interest rate linked to the CDI.