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Material Fact - Public Offering for Acquisition of Shares

MATERIAL FACT

O Banco do Estado do Rio Grande do Sul S/A − BANRISUL, with head offices located at Rua Capitão Montanha, 177, Porto Alegre, and Corporate Taxpayer ID (CNPJ/MF) No. 92.702.067/0001-96, as the controlling shareholder of BANRISUL S/A Administradora de Consórcio and as provided for by Article 34 of Instruction 361 issued by the Securities and Exchange Commission of Brazil (CVM) on March 5, 2002, hereby announces that:

1. it will submit to the CVM within 30 (thirty) days from today’s date an application for the cancellation of the registration of BANRISUL S/A Administradora de Consórcios as a publicly traded company, with the adoption of special procedures and dispensing with the holding of a tender offer on the stock exchange and dispensing also with the hiring by the Offeror of a brokerage institution, pursuant to Article 34 of CVM Instruction 361/02.

2. the public offering will have the following conditions:

a) the public offering will comprise all shares issued by Banrisul S/A Administradora de Consórcios in circulation today, or 386,127 common shares, which represent 0.43% of the capital;
b) the purchase price will be R$1.74 (one Real and seventy-four cents) per common share, as stated in the appraisal report prepared for this purpose and considered the fair price;
c) after approval of the transaction by the CVM, a notice will be published containing all details approved for the tender offer.

To access the PDF file, click here.

Porto Alegre, March 17, 2010.

Ricardo Richiniti Hingel
CFO & IRO
BANCO DO ESTADO DO RIO GRANDE DO SUL S/A


Contact IR

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

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