Notice to the Market - Clarifications on CVM/ Bovespa Official Letter

April 20, 2017

To

Brazilian Securities and Exchange Commission - CVM
Attention to: Corporate Oversight Manager - 1 - Ms. Nilza Maria Silva de Oliveira

Re: Official Letter 172/2017/CVM/SEP/GEA-1 - Request for clarification on news item

BANCO BTG PACTUAL S.A. ("BTG Pactual"), in response to the CVM’s Official Letter, transcribed below, which requests clarification on a news item published in the media, hereby clarifies that:

(I) BTG Pactual did not participate or have any involvement in the purchase of an interest in Banco Panamericano S.A. ("Banco Panamericano") by Caixa Participações S.A. - CAIXAPAR ("CAIXAPAR") in 2009;

(ii) BTG Pactual was required to present documents related to its investment in Banco Panamericano, which was carried out in 2011. These documents were already available at the Central Bank of Brazil; and

(iii) BTG Pactual’s transaction was carried out in 2011 with the then controlling shareholder, Grupo Silvio Santos, and the sale took into account the difficulties faced by Banco Panamericano at the time. As a result, BTG Pactual did not purchase any Banco Panamericano shares held by CAIXAPAR.

João Marcello Dantas Leite
Investor Relations Officer of Banco BTG Pactual S.A.

To acess the PDF version, click here.

Investor Relations Department
Email: ri@btgpactual.com
Phone: +55 (11) 3383-2000
Fax: +55 (11) 3383-2001