The Board of Directors of Banco do Brasil S.A. (BOVESPA:BBAS3) authorized a share repurchase program on July 13, 2012. Under the program, the company will repurchase up to 50,000,000 shares, representing 5.73% of the issued capital, for a total of BRL 940 million ($463 million). The objective is acquisition of shares to be held in treasury for sale or cancellation in the future, without reducing the social capital, aiming to generate value to the shareholders. The plan is valid up to 180 days. The company has 871,931,835 shares in issue.

Till September 30, 2012, the company has repurchased 7,245,015 shares, representing 0.83% for BRL 162.17 million.

Votorantim CTVM Ltda, Concórdia S.A. CVMCC, Liquidez DTVM Ltda and Ágora CTVM S.A. acted as brokers to Banco do Brasil S.A. The conversion value was given in the article itself.

Banco do Brasil S.A.'s share repurchase program expired on January 8, 2013. Under the program, the company has repurchased 20,200,000 shares, representing 2.31% for BRL 461.2 million.