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Notice of Clarification

NOTICE TO THE MARKET

Notice of Clarification

With regard to the news story published on Folha de São Paulo newspaper, on June 17, on agreements signed by Banrisul with the Faurgs (Rio Grande do Sul University Support Foundation), the Bank, out of respect to its thousands of customers and shareholders, believes it is necessary to explain what follows:

Banrisul, reaffirming the terms of the Notice to the Market, filed with the Brazilian Securities and Exchange Commission on June 2, 2008, herein manifests its disagreement with the public exposure, with no conclusive judgment or manifestation by the qualified inspection authorities.

Porto Alegre, June 17, 2008.

Ricardo Richiniti Hingel
Investor Relations Officer
BANCO DO ESTADO DO RIO GRANDE DO SUL S/A

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Contact IR

Phone: +55 51 3215-3232
E-mail: ri@banrisul.com.br

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