The Board of Director of Bradespar S.A. (BOVESPA:BRAP3) authorized a share repurchase program on January 31, 2013. Under the program, Bradespar will repurchase up to 500,000 common shares, representing 1.88% of the public float and 1,000,000 preferred shares, representing 0.45% of the public float. The repurchases will be made at market prices. The repurchases will be in accordance with Paragraph 7 of Article 6 of the Statute, and meeting the requirements specified in Paragraphs 1 and 2 of Section 30 of Act 6.404/76 and CVM Instructions on numbers 10, 268 and 390, 14.2.80, 13.11.97 and 07.08.2003, respectively. The repurchased shares will be held in treasury for subsequent sale or cancellation, without reducing the capital stock. The company will use its resources in Profit Reserve – Statutory to fund repurchases. The repurchase program will commence on February 1, 2013, and will end on August 1, 2013. As of January 31, 2013, Bradespar has 26,547,221 common shares and 222,485,404 preferred shares in public float.

Bradesco SA Brokerage Securities and Agora Brokerage Securities SA acted as the brokers for Bradespar S.A.