Banco Industrial e Comercial S.A. Announces the Results of its Consent Solicitation for the Holders of its 5.25 per cent. Notes Due 2015

SAO PAULO, May 20, 2014 /PRNewswire/ --

Banco Industrial e Comercial S.A.
(incorporated as a sociedade por acoes under the laws of the Federative Republic of Brazil)

Banco Industrial e Comercial S.A. (the "Bank") announced today the results of its solicitation of consents (the "Consent Solicitation") from holders of its 5.25 per cent. Notes due 2015 (ISIN: US05961HAE80 (Rule144A) - XS0552649021 (Reg S) (the "Notes") in accordance with the terms and conditions set forth in the Consent Solicitation Statement dated 17 April 2014 (as amended or supplemented, the "Consent Solicitation Statement").

The Bank is pleased to announce that, at the Adjourned Meeting held today at 11.00 a.m. (BST) (as the initial meeting held on 9 May 2014 was adjourned due to being inquorate), at the offices of Hogan Lovells International LLP, Atlantic House, Holborn Viaduct, London EC1A 2FG, United Kingdom, the Extraordinary Resolution relating to the Bank's Consent Solicitation has been passed. Details of the aggregate principal amount of Notes represented at the Adjourned Meeting, including the proportion which was in favour of the Extraordinary Resolution, are set out below:

Amount of Notes outstanding in respect of the Adjourned Meeting	Aggregate principal amount represented at the Adjourned Meeting	Aggregate principal amount in favour of the Extraordinary Resolution	Percentage in favour of the Extraordinary Resolution
US$342,970,000	US$159,926,000	US$159,326,000	99.62%

For a complete statement of the terms and conditions of the Consent Solicitation, the holders of the Notes (the "Noteholders") should refer to the Consent Solicitation Statement. Copies of the Consent Solicitation Statement may be obtained by Noteholders from the Tabulation and Information Agent at the contact below. Capitalised terms used in this announcement but not defined have the meanings given to them in the Consent Solicitation Statement.

Citigroup Global Markets Inc. is the Solicitation Agent for the Consent Solicitation. Questions and requests for assistance with regard to the Consent Solicitation may be directed to Citigroup Global Markets Inc. at the contact below.

Banco Industrial e Comercial S.A
Paulo Celso Del Ciampo
International Division Director
Av. Brigadeiro Faria Lima, 4440, 5 andar
Sao Paulo, SP 04538-132, Brazil
[e-mail]

SOLICITATION AGENT Citigroup Global Markets Inc. 390 Greenwich Street, First Floor New York, NY 10013, USA Attn: Liability Management Group Collect: [phone] Toll free: [phone]

TABULATION AND INFORMATION AGENT Global Bondholder Services Corporation 65 Broadway - Suite 404 New York, New York 10006 Attn: Corporate Actions Banks and Brokers call: [phone] Toll free: (866)-470-3800

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO SELL THE NOTES DESCRIBED HEREIN. THE CONSENT SOLICITATION STATEMENT DESCRIBED HEREIN DOES NOT CONSTITUTE AN INVITATION TO PARTICIPATE IN THE SOLICITATION IN OR FROM ANY JURISDICTION IN OR FROM WHICH, OR TO OR FROM ANY PERSON TO OR FROM WHOM, IT IS UNLAWFUL TO MAKE SUCH INVITATION UNDER APPLICABLE SECURITIES LAWS. THE DISTRIBUTION OF THE CONSENT SOLICITATION STATEMENT IN CERTAIN JURISDICTIONS MAY BE RESTRICTED BY LAW.

SOURCE Banco Industrial e Comercial S.A.