Share Repurchase Plan

Banco BI&P Share Repurchase Programs aimed at preserving the company’s value, to hedge the granted stock options or for future sale or cancellation of shares in treasury.

Currently, there is no share buyback program in effect. The last one was the 5th Share Repurchase Program, which was approved on October 19, 2011 for the purchase of up 1,720,734 preferred shares and was effective until October 18, 2012. No share had been repurchased under the program.

Guide Investimentos S.A. Corretora de Títulos e Valores Mobiliários is the brokerage house that intermediates Banco Indusval S.A. acquisitions under its Share Repurchase Programs.