Itau Announced Apportioning of Remaining Shares from Subscription

OREANDA-NEWS. June 14, 2011. INVESTIMENTOS ITAЪ S.A. announces that, complementary to the information published in the Notice to Stockholders of April 29 2011:

1.         At an Extraordinary and Ordinary General Meeting of April 29 2011, the stockholders approved the increase in capital stock of BRL  412,000,000.00, through a private issue of 41,200,000 book entry shares, with no par value, being 15,830,895 common and 25,369,105 preferred, for subscription in the period from May 3 2011 to June 1 2011, at the unit price of BRL  10.00, to be paid in in cash or through the offsetting of interest on capital declared by ITAЪSA.

2.         Upon the expiry of the preemptive period for subscription of these shares, verification has been made that 39,695,542 shares (96.35%) have been effectively subscribed as follows:

3.         As already disclosed and pursuant to Article 171, Paragraph 7, "b", of Law Lei 6,404/76, the 1,504,458 shares unsubscribed in the preemptive period for subscription shall be apportioned among the stockholders that express an interest in these remaining shares, as shown below:

4.         The stockholders that choose to acquire these remaining shares must subscribe them and pay them in without fail on June 14 2011 (Tuesday), at the same price (BRL  10.00 each in cash), obligatorily observing the percentage for apportionment shown in the preceding item of the shares effectively subscribed in the preemptive period, being that:

a)         the stockholders registered with Itaъ Corretora de Valores S.A. book entry custody area shall contact any branch of Itaъ Unibanco S.A., the current account holders being at liberty to use the Bankline system;

b)         the holders of shares deposited with BM&FBOVESPA’s Central Depositary for Assets shall subscribe them through their depositary agents.

4.1.      If the percentage of the unsubscribed shares multiplied by the number of shares subscribed by the shareholder during the preferred period is less than one, the subscription of the remaining shares by such shareholder shall not be available given that fractions of shares shall not be subscribed.

4.2.      The controlling stockholders have stated their intention of subscribing the remaining shares to which they are entitled.

5.         The eventual balance of remaining unsubscribed shares shall be sold on the Stock Exchange pursuant to Article 171, Paragraph 7, "a", of Law 6.404/76.