BHG Launches ADR Level 1 Program

SAO PAULO, Nov. 28, 2011 /PRNewswire/ -- BHG S.A. – Brazil Hospitality Group (BM&FBovespa: BHGR3; BHGR9) announces the launch of its American Depositary Receipt Level I Program ("ADR Level I Program"). The program, approved by the Board of Directors' Meeting of November 24, 2011, consists of the trading of BHG shares on the U.S. stock market.

The Program's depositary bank is The Bank of New York Mellon and the custodian bank is Banco Itau S.A. Each ADR corresponds to 1 (one) common BHG share and will be traded on the OTC market in New York.

According to Pieter J. F. van Voorst Vader, CEO of BHG S.A. – Brazil Hospitality Group, "the ADR Level I Program aims to increase access to BHG's shares on the part of investors, especially those domiciled abroad, as well as improve share liquidity. This is a very important moment for the Company."

BHG would like to make it clear that that the ADR Level I Program does not involve the issue of new shares.

About BHG:

Brazil Hospitality Group is one of the leading hotel companies in Brazil, with its own and administered hotels in the 3, 4 and 5 star categories.  The Company is responsible for the Golden Tulip brand in South America.

BHG is a publicly held company, with shares listed on the BM&FBovespa's Novo Mercado segment, under the ticker BHGR3.

Media Relations
BHG S.A. – Brazil Hospitality Group
Fernanda Pannunzio
[email protected]
11.3577.2302 / 11.9668.7249

SOURCE BHG S.A. - Brazil Hospitality Group

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