ITAU UNIBANCO HOLDING S.A. Announced Today That its Shareholder, Bank of America Corporation, is Offering to Sell up to 188,424,758 Preferred Shares of Itau Unibanco in the Form of American Depositary Shares

SAO PAULO, May 18 /PRNewswire-FirstCall/ -- ITAU UNIBANCO HOLDING S.A. ("ITAU UNIBANCO") (NYSE: ITUB) announced today that its shareholder, Bank of America Corporation, is offering to sell up to 188,424,758 preferred shares of Itau Unibanco in the form of American Depositary Shares (the "ADSs"), in an offering exempt from registration under the United States Securities Act of 1933, as amended (the "Securities Act").  This offering will consist of a secondary offering (i) in the United States to qualified institutional buyers, as defined in Rule 144A under the Securities Act, in transactions exempt from registration under the Securities Act, and (ii) outside the United States and Brazil to non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.  This offering will not be registered with the Comissao de Valores Mobiliarios, in Brazil. The ADSs will be subject to restrictions on resale.

The offered securities have not been and will not initially be registered under the Securities Act and may not be offered or sold (a) in the United States absent registration or an applicable exemption from registration under the Securities Act, or (b) in Brazil and in any other jurisdiction in which such offer or sale is prohibited.  This press release shall not constitute an offer to sell nor the solicitation of an offer to buy the ADSs.

SOURCE ITAU UNIBANCO HOLDING S.A.

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