OREANDA-NEWS. November 8, 2011. Banco Industrial e Comercial S.A. (BICBANCO) (BM&FBovespa: BICB3 and BICB4) hereby announces to the Shareholders that, at the Meeting of the Board of Directors (MBD) held on November 4, 2011, the proposal for the payment of interim dividends related to 2011 results was approved by majority vote, according to the table below:

Cash Remuneration

Remuneration

Event & Date

Amount

Value in BRL  per share

Payment Date

(amount in BRL )

Common

Preferred

Interim dividends

MDB November 4, 2011

BRL 5,000,000.00

BRL  0.020323218

BRL  0.020323218

November 18, 2011

The payments are subject to the following conditions:

Shareholding position to be considered: closing of the trading session of November 7, 2011;

Shares will be traded "ex-dividends" as of November 8, 2011;

The corresponding credit will be made individually to each shareholder, in the banking domicile supplied to Banco Bradesco (depositary bank);

Shareholders without a registered banking domicile will be mailed the "Notice for Receipt of Book-Entry Shares", and, in order to receive them, they shall go to a branch of Banco Bradesco of their choice bearing the notice and personal identification documents (Individual Taxpayers' ID - CPF; and RG). If a shareholder doesn't receive the notice, he/she shall go to a Bradesco branch in order to update his/her address data;

• Payments regarding shares deposited under the custody of Companhia Brasileira de Liquidagao e Custodia - CBLC (The Brazilian Clearing and Depositary Corp.) shall be credited to that entity, and the Depositary Brokerage Firms shall be in charge of passing them through to the shareholders.