OREANDA-NEWS. August 2, 2011. Porto Seguro S.A. ("Porto Seguro") hereby announces that at the Board of Directors' Meeting held on this date, Marcelo Barroso Picango was elected the Company's Investor Relations Officer.

Mr. Picango will hold the position of Investor Relations Officer in addition to his current role as Chief Financial Officer, to which he was elected on March 30, 2011. He has a master's degree in administration from COOPPEAD (UFRJ)/Wharton School of the University of Pennsylvania (Interchange Program), bachelor's degree in eletronic engineering from the Technological Institute of Aeronautics (ITA). He joined Porto Seguro in July 2006 and currently heads the areas of Financial Control, Investments (Portopar DTVM) and Finance Business (Portoseg CFI), which includes loans and credit cards. He has been the Chief Financial Officer of Porto Seguro Companhia de Seguros Gerais, Porto Seguro Vida e Previdencia S.A and Porto Segurdo - Seguro Saude S.A. since 2006 and is an Executive Officer in the following subsidiaries of Porto Seguro S.A.: Portoseg S.A. - Credito, Financiamento e Investimento, Portopar D.T.V.M. Ltda., Porto Seguro Administradora de Consorcios Ltda. and Crediporto Promotora de Servigos Ltda. Before joining Porto Seguro, he served as the Chief Financial Services Officer at Booz Allen Hamilton (currently Booz&Co), where he executed strategic positioning, design and organizational transformation projects for leading companies in Brazil and Latin America.

Mr. Alexandre Peev leaves the position of Investors Relation Officer in order to take on new responsibilities within Porto Seguro.