Notice to the Market
São Paulo, October 13, 2016. Banco BTG Pactual S.A. ("Banco") hereby informs its shareholders and the market in general, further to the Material Fact dated June 29, 2016 and the Notices to the Shareholders dated July 18, September 6 and September 27, 2016 that (i) on the date hereof, [596,209,676] Class A shares of Engelhart CTP Group S.A. ("Engelhart CTP") were delivered to the shareholders that elected to receive equity interest in Engelhart CTP against delivery to Banco of [596,209,676] Class C Preferred Shares ("PNCs") that were allocated to such alternative (with no Proration, as defined in the above-mentioned Material Fact, having applied), and (ii) on [October 14, 2016], [59,457,673] additional BBTG11 units (such amount already reflecting the cancellation that was announced in the Material Fact dated September 29, 2016) will be added to the book-entry position of those shareholders that did not elect to receive equity interests in Engelhart CTP.
Additionally, the transactions referenced above resulted in fractions of BBTG11 units that will be grouped together in whole numbers ("Remainder") and sold at an auction at BM&FBOVESPA S.A. - Bolsa de Valores, Mercadorias e Futuros ("BM&FBOVESPA") to occur on a date and time to be disclosed to the market in due course, with the resulting net proceeds to be made available to each respective holder of such fractions. The exact amount of the Remainder will be disclosed to the market in due course following receipt and consolidation of the information by the BM&FBOVESPA and by the depositary. Even so, we expect that the amount of such BBTG11 units to be sold at auction will represent an immaterial amount when compared to the total amount of BBTG11 units and even to the total amount of BBTG11 units issued in connection with the transactions referenced above.
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Investor Relations Department