We report on the influence of short annealing treatments at 923 K and 1073 K during 10min on both martensitic transformation and exchange bias effect for the Ni50.0Mn36.5Sn13.5Heusler alloy ribbon by means of magnetic measurements. We have observed that the martensitic transformation is shifted towards higher temperatures with increasing annealing temperature. Furthermore, isothermalM(H)hysteresis loops performed under field-cooling protocol show an exchange bias effect for as-quenched and two annealed ribbons, which indicates the existence of ferromagnetic-antiferromagnetic interactions at low temperatures. In particular, we observe thatHCdiminishes with the increasing of the annealing temperature, butHEis not affected by the heat treatment.