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1. BB Seguros Participações S.A. (“BB Seguros”)

BB Seguros, incorporated in 2009, is a wholly-owned subsidiary of the recently created BB Seguridade, which, in turn, is the wholly-owned subsidiary of Banco do Brasil. Its corporate purpose is to hold interests in insurance and capitalization companies and private pension companies that operate private health care plans.
Following the Bank's policies on investments, BB Seguros currently holds interests in Brasilprev, Brasilcap, BB Mapfre SH1, Mapfre BB SH2 and Nossa Caixa Cap.

The subsidiaries and affiliates of BB Seguros complement the economic activity of the Banco do Brasil Conglomerate in the insurance, private pension and capitalization segments.

1.1 Grupo Segurador Banco do Brasil e Mapfre (“Grupo Segurador”)
The Mapfre group is the largest Spanish insurance group and operates in a strategic alliance with BB Seguros through BB Mapfre SH1 and Mapfre BB SH2. According to the Material Fact disclosed to the market on May 5, 2010, and the Announcement to the Market released by Banco do Brasil on July 1, 2011, this alliance is valid for 20 years.

This Group is organized in two holding companies named BB Mapfre SH1 Participações S.A. (“SH1”) e Mapfre BB SH2 Participações S.A. (“SH2”), according descriptions below:

a) BB Mapfre SH1 Participações S.A. (“SH1”)
The partnership aims to carry out activities related to insurance operations in the individuals, real estate and farmers segments. Mapfre holds 25.01% interest in total capital stock and BB Seguridade, through BB Seguros, holds 74.99% interest in total capital stock.

SH1 is the holder of all shares of the following companies (feb/2013):

Mapfre Vida S.A.	Closed capital stock company, based in São Paulo, which operates throughout the national territory in the commercialization of life insurance through the broker channel.
Vida Seguradora S.A.	Closed capital stock company, headquartered in Rio de Janeiro, which operates throughout the national territory in the commercialization of life insurance through the broker channel.
Companhia de Seguros Aliança do Brasil	Closed capital stock company, based in São Paulo, which operates throughout the national territory, in the commercialization of life insurance, real estate and farming through the banking channel.

b) Mapfre BB Participações SH2 S.A. (“SH2”)
The partnership aims to carry out activities related to insurance operations in the property and casualty segment, including vehicles and excluding real estate and farmers. Mapfre holds 50% interest in total capital stock and BB Seguridade, through BB Seguros, holds 50% in total capital stock.

SH2 is the holder of all shares of the following companies (feb/2013):

Mapfre Seguros Gerais S.A.	Closed capital stock company, based in São Paulo operates nationwide in the marketing of insurance and damages people through the broker channel. Mapfre Seguros Gerais S.A. holder of all shares of the following companies: - Mapfre Affinity Seguradora S.A.: Closed capital stock company, based in São Paulo operates in the insurance and damage people traded in Affinity Channels*. - BB Mapfre Assistência S.A.: Closed capital corporation, based in São Paulo, has as its object the provision of support services, complementary to the activities of insurers. That company since its incorporation in 2010, remained non-operational.
Aliança do Brasil Seguros S.A.	Closed capital stock company, based in São Paulo, works in marketing casualty insurance through banking channel.
Brasilveículos Companhia de Seguros	Closed capital stock company, headquartered in Rio de Janeiro, operates nationwide in the commercialization automobile insurance through the banking channel.

* The Company has a network of over 15 thousand authorized brokers all over the Brazilian territory whose purpose is mainly to sell asset and vehicle insurance. The Company expands its distribution capacity by associating with non-banking partners, which permit the customization of its broad range of products upon acquisition by the consumer (Affinity Channel). This Affinity Channel provides opportunities for new businesses, which are realized by the increase in the breadth of products available to offer the customer base suitable to each segment, as well as by the expansion of the Bank´s service network.

1.2 Brasilprev Seguros e Previdência S.A.
With 19 years of operations, Brasilprev is the result of the partnership between Banco do Brasil, which holds 74.99% interest in total capital stock, and Principal, which holds 25.01% interest in the Company. It is the only company exclusively dedicated to the private pension segment in Brazil. Brasilprev is currently among the top three companies of this business in terms of assets, and has been the market leader in net funding since 2008.

With the goal of providing financial security solutions to its customers and high-quality services to turn lifelong projects into reality, Brasilprev sells pension plans to individuals and companies. It currently has a portfolio of over 1.49 million customers, of which 11% are in the portfolio of business plans and 89% in the individual ones – 39.5% of which refer to the child and teenager segment.

1.2.1 Brasilprev Nosso Futuro Seguros e Previdência S.A.
“Brasilprev Nosso Futuro”, former Mapfre Nossa Caixa Vida e Previdência, was incorporated in december 2009.

1.3 Brasilcap Capitalização S.A.
Brasilcap was incorporated in 1995 as a result of the partnership between Banco do Brasil, Icatu Hartford, Sul América Capitalização and Aliança da Bahia, with the objective of operating in the capitalization business and being able to implement and sell capitalization plans, other products and services that can be operated by capitalization companies, and also hold interests in other companies. In 2011, BB Seguros purchased the interest held by Sul América Capitalização.
In 2014, Brasilcap completed 19 years of existence. The growing efforts to satisfy consumers, such as providing greater flexibility in the acquisition of certificates and comfort, reflect in Brasilcap figures for 2012: 3.8 million active capitalization certificates and 1.9 million customers.

1.4 Nossa Caixa Capitalização S.A.
Wholly-owned subsidiary of BB Seguridade, Nossa Caixa Capitalização was acquired as a result of the merger of Banco Nossa Caixa by Banco do Brasil. This Company no longer sells new plans and operates only in the management (and renewal) of existing plans.

2. BB Cor Participações S.A. (“BB COR”)

BB Cor, a wholly-owned direct subsidiary of BB Seguridade, was incorporated on December 20, 2012. It has the corporate objective of holding interests in asset management and brokerage companies, and that makes the businesses involving companies that operate private pension plans, property, casualty, life, capitalization and health insurance lines viable.

BB Cor currently holds interests in BB Corretora, and may occasionally hold interest in the capital of other companies that fit into its corporate objective. The interest that BB Seguridade holds in BB Cor complements the economic activity of the Banco do Brasil Conglomerate in the works of insurance, private pension and capitalization brokerage services.

2.1 BB Corretora de Seguros e Administradora de Bens S.A. (“BB Corretora”)

Founded in 1987, BB Corretora sells insurance, pension and capitalization products from the associates of BB Seguros in the branches of Banco do Brasil across the national territory through legal representatives registered with SUSEP.
Today, over 2,600 representatives of BB Corretora are enrolled and represented by the General Manager of the municipality where BB has a branch, or the State Superintendent in case of capitals. In addition, the products can also be sold by other channels, such as ATMs, Internet, or telephone assistance services.

During your more than two decades of operation, BB Corretora has remained true its mission to develop and expand the culture of security, offering to all segments of Brazilian society, insurance products, open private pension and capitalization, contributing for the formation of long-term domestic savings and supporting the development of the country.