Material Fact – Company Buyback Program

Rio de Janeiro, July 14, 2016 – Banco BTG Pactual S.A. (“BTG Pactual”) and BTG PACTUAL PARTICIPATIONS, LTD. (“BTG Participations” and, jointly with BTG Pactual, “Companies”), in accordance with Article 157, paragraph 4 of Law 6,404/76 and pursuant to Instruction 358 of the Brazilian Securities and Exchange Commission (“CVM”), of January 3, 2002, as amended, and CVM Instruction 567, of September 17, 2015 (“CVM Instruction 567”), hereby announce, following the material facts released by the Companies on November 25, 2015, December 14, 2015 and February 15, 2016, that the Companies’ Board of Directors approved the cancellation of 18,820,908 common shares and 37,641,816 preferred shares issued by BTG Pactual, as well as 18,820,908 Class A preferred shares and 37,641,816 Class B preferred shares of BTG Participations, held in treasury, corresponding to 18,820,908 BBTG11 units (“Units”), that were bought back in the form of units or directly in its underlying assets, in operations under the Buyback Program (“Cancellation”).

In addition, BTG Pactual’s Board of Directors approved, as a result of the Cancellation and without prejudice to the total acquisition limit of 93,860,181 Units authorized at the Board Meeting held on November 25, 2015, the acquisition of up to 15,000,000 Units – comprising the acquisition of underlying assets of the BBTG11 units, jointly or separetely -, in compliance, however, with the limit of 10% of the outstanding shares to be held in treasury, as foreseen by CVM Instruction 567 of September 17, 2015 (“ICVM 567”) and the following conditions:

• The objective of the Buyback Program is to efficiently allocate the cash available, and also demonstrate the Companies’ trust in their capital structure;

• The Companies do not hold, already considering the Cancellation, no Unit or share held in treasury;

• The settlement of the operations authorized by the Board of Directors will be held until May 24, 2017;

• The acquisition transactions will be intermediated by BTG Pactual Corretora de Títulos e Valores Mobiliários S.A.;

• The acquired Units will be, at first, held in treasury or cancelled. Nevertheless, BTG Pactual does not exclude other possible destinations for the Units eventually acquired.

To access the document full version click here.

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