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06.14.2010 - Information to the Subscription Warrants Holders


Rule 12g3-2(b) Exemption # 82-35186



Information to the Subscription Warrants Holders
Banco do Brasil’s Public Offering
Anticipation of the Subscription Warrants “Series C” exercise



Banco do Brasil informs to the owners of Series – C Subscription Warrants, issued and distributed for free to shareholders on June 17th, 1996, pursuant to the Extraordinary Shareholders Meeting of the same date, that the Extraordinary Shareholders Meeting, held on May 19th, 2010 approved the anticipation of the Subscription Warrants “Series C” exercise under the following conditions:

a) Each Subscription Warrants Series C grants the right to subscribe 3.131799 shares;

b) The fractions of remaining shares of the exercise of subscription warrants series C will be reunited and then sold in the Stock Exchange by Banco do Brasil. The result of the sale will be proportionally divided respecting the position of each subscription warrants holder. The fractions of the shares resulted from the exercise of warrants series C cannot be transferred, having no cession of rights;

c) The exercise price will be R$ 8.50 per subscription warrant, readjusted by the IGP-DI Index, published by Fundação Getúlio Vargas, from June 17th, 1996 until the date of the application for the exercise of subscription rights. For an example, on May 1st, 2010 the exercise price was R$ 26.85, per subscription warrant. If the IGP-DI index for the month is not available on the date of application, the subscription price shall be adjusted pro-rata-die using the last published index;

d) The maturity date for anticipation of the exercising warrants will be from June 21st, 2010 up to June 23rd, 2010. The anticipation of the exercise rights will be granted according to the warrants ownership on June 16th, 2010.

e) The form of payment will be in cash.

f) The subscription document shall be delivered to the holder of the warrants in any branch of Banco do Brasil and the payment may be done, in the day of the issuance, through any bank which takes part in the system. Holders of subscription warrants in the custody of stock exchanges shall exercise through their brokers.

g) The shares to be subscribed through the exercise of the warrants series "C" entitle its holders all the rights granted to holders of common shares issued by Banco do Brasil, including the full receipt of any benefits, dividends and other proceeds of any nature to be declared by BB, after the approval of the capital increase by the Brazilian Central Bank.

h) None of the rights granted to the shares will be granted to the subscription receipts, including dividends. The subscription receipts will give their holders only the right to be converted into BB’s common shares after the approval of the capital increase by the Brazilian Central Bank.

i) The exercise of the subscription warrants is optional and can be partially or entire exercised, now or in the original term, from March 31st, 2011 to June 30th, 2011.

j) In order to exercise their warrants, holders must have their information file updated.

For further information please go to any of Banco do Brasil’s branch or contact our call center 0800 729 0001 (Portuguese only).


Brasília (DF), June 14th, 2010.

Ivan de Souza Monteiro
CFO

 
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