Banco do Brasil S.A. Announces the Final Tender Results of the Tender Offer for its 9.250% Perpetual Non-Cumulative Junior Subordinated Securities

SAO PAULO, July 11, 2016 /PRNewswire/ --

BANCO DO BRASIL S.A.
(acting through its Cayman Islands branch)
(a bank organized as a sociedade de economia mista and accordingly 
a sociedade por ações incorporated under the laws of the Federative Republic of Brazil)

Offer to Purchase for Cash Up to U.S.$200,000,000 Aggregate Principal Amount
of its Outstanding 9.250% Perpetual Non-Cumulative Junior Subordinated Securities

Banco do Brasil S.A., acting through its Cayman Islands branch, a bank organized as a sociedade de economia mista and accordingly a sociedade por ações incorporated under the laws of the Federative Republic of Brazil (the "Bank"), hereby announces the final tender results of its offer to purchase for cash up to U.S.$200,000,000 aggregate principal amount (subject to increase by the Bank in its sole discretion under the circumstances described in the Offer to Purchase (as defined below), the "Maximum Tender Amount") of its outstanding 9.250% Perpetual Non-Cumulative Junior Subordinated Securities (CUSIP: 05958A AG3 and P3772W AC6, and ISIN: US05958AAG31 and USP3772WAC66) (the "Notes"), upon the terms and subject to the conditions described in the Offer to Purchase dated June 10, 2016 (as it may be amended or supplemented from time to time, the "Offer to Purchase"), the accompanying Letter of Transmittal dated June 10, 2016 and the and Soliciting Dealer Form (as defined in the Offer to Purchase). Capitalized terms used in this announcement, but not defined herein, shall have the meanings given to such terms in the Offer to Purchase.

The Tender Offer expired at 11:59 p.m., New York City time, on July 8, 2016.

As announced by the Bank on June 24, 2016, the Maximum Tender Amount had been reached in respect of tenders of Notes made on or prior to the Early Tender Date. The Bank hereby announces that it did not elect to increase the Maximum Tender Amount. Accordingly, because the Tender Offer was fully subscribed as of the Early Tender Date, Notes that were validly tendered after the Early Tender Date and on or prior to the Expiration Date will not be accepted for purchase by the Bank. Any Notes tendered pursuant to the Tender Offer but not accepted for purchase by the Bank will be promptly returned to Holders.

Accordingly, as announced by the Bank on June 24, 2016, U.S.$199,900,000 in principal amount of the Notes was purchased by the Bank pursuant to the Tender Offer, which represents approximately 12.5% of the principal amount outstanding of Notes that was outstanding immediately prior to commencement of the Tender Offer as of June 10, 2016.

This announcement does not constitute an offer to sell any securities or the solicitation of an offer to buy any securities.

D. F. King & Co., Inc. acted as the tender agent and as the information agent (the "Tender and Information Agent") for the Tender Offer. BB Securities Ltd., Citigroup Global Markets Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as Dealer Managers (the "Dealer Managers") for the Tender Offer.

The Tender and Information Agent for the Tender Offer was:

D.F. King & Co., Inc.

[email protected]

By Facsimile (For Eligible Institutions only): (212) 709-3328
Confirmation: (212) 232-3235
Attention: Peter Aymar

The Dealer Managers for the Tender Offer were:

SOURCE Banco do Brasil S.A.