NOTICE TO THE MARKET

BANCO BTG PACTUAL S.A. ("BTG Pactual"), in connection to the Notice to the Market released on March 15, 2017, hereby informs its shareholders and the market in general that, after negotiation among BTG Pactual and EFG International AG ("EFG"), BTG Pactual has agreed to return CHF 89 million of the amount previously paid by EFG. The resolution of this matter includes the CHF 95,000,000 amount previously imposed by FINMA on BSI SA that is the subject of a pending appeal.

So Paulo, July 17, 2017.

BANCO BTG PACTUAL S.A.
JOO MARCELLO DANTAS LEITE
Investors Relations Officer