Share Distribution

Investor Relations

Capital Breakdown Main Shareholders Shareholding Base

Capital Breakdown

On March 31, 2012, the shares of Banco Indusval S.A. were distributed as follows:

# of Shares	Issued	% Total	Control and Management	% Shares	Treasury	% Shares	Free Float	% Shares
Common	36,945,649	58.55%	20,743,333	56.15%	0	0.00%	15,925,009*	43.10%
Preferred	26,160,044	41.45%	630,626	2.41%	734,515	2.81%	24,734,778	94.55%
Total	63,105,693	100.00%	21,373,959	33.87%	734,515	1.16%	40,659,787	64.43%

* common shares belong to family members who are not participants in the shareholders' agreement

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Main Shareholders

The table below presents the shareholders of Banco Indusval S.A. that hold 5% or more of a type or class of shares as of March 31, 2012 (CVM 358 art. 12):

Shareholder	Common Shares	%	Preferred Shares	%	Total	%
WP X Brasil Fundo de Inv. em Participações	4,891,304	13.24%	11,783,043	45.00%	16,674,347	26.40%
Manoel Felix Cintra Neto	6,447,827	17.45%	296,329	1.13%	6,744,156	10.69%
Luiz Masagão Ribeiro	6,037,659	16.34%	474	0.00%	6,038,133	9.57%
Carlos Ciampolini	4,283,988	11.60%	100,486	0.38%	4,384,474	6.95%
Teorema Fundo de Inv. em Ações	0	0.00%	3,083,200	11.80%	3,083,200	4.90%
Antonio Geraldo da Rocha	2,728,411	7.38%	21,400	0.10%	2,749,811	4.40%
Maria Cecília C. Ciampolini	2,350,351	6.36%	104,073	0.40%	2,454,424	3.89%
Orbe Investimentos e Participações Ltda	0	0.00%	1,836,500	7.00%	1,836,500	2.90%
Treasury	0	0.00%	734,515	2.81%	734,515	1.16%
Other	10,206,109	27.62%	8,200,024	31.35%	18,406,133	29.17%
Total	36,945,649	100.00%	26,160,044	100.00%	63,105,693	100.00%

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Shareholder Base

On March 31, 2012, Banco Indusval S.A. shareholding base was composed as follows:

# Invest.	Type of Shareholder	Common Shares	%	Preferred Shares	%	Total	%
6	Controlling Shareholders	20,743,333	56.15%	630,626	2.41%	21,373,959	33.87%
6	Management	277,307	0.75%	60,125	0.23%	337,432	0.53%
0	Treasury	0	0.00%	734,515	2.81%	734,515	1.16%
42	National Institutional Investors	1,201,090	3.25%	7,932,286	30.32%	9,133,376	14.47%
13	Foreign Investors	4,891,304	13.24%	13,947,744	53.32%	18,839,048	29.85%
10	Corporates	0	0.00%	22,634	0.09%	22,634	0.04%
361	Individuals	9,832,615	26.61%	2,832,114	10.83%	12,664,729	20.07%
438	Total	36,945,649	100.00%	26,160,044	100.00%	63,105,693	100.00%

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Last Update: March 31, 2012

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