Notice to the Market

Rio de Janeiro, May 14, 2014 – Banco BTG Pactual S.A. («BTG Pactual»), in compliance with CVM Rule 358 dated January 3, 2002, as amended, hereby informs its shareholders and the securities market that it is currently negotiating the potential acquisition of 100% of the shares of BSI SA («BSI»), a financial institution headquartered in Switzerland, with Assicurazioni Generali S.p.A. («Generali»), the current owner of 100% of BSI’s shares («Transaction»).

In this connection, BTG Pactual and Generali have executed an exclusivity agreement to negotiate the Transaction. The terms of a potential Transaction are subject to the outcome of the negotiations that will take place between BTG Pactual and Generali.

At this moment, BTG Pactual can not confirm whether the parties will reach a binding agreement regarding the terms and conditions of the Transaction or, if the parties do enter into a binding instrument in relation to the Transaction, whether the conditions precedent to be agreed to by the parties, including the obtaining of all necessary regulatory approvals, will be satisfied, thus enabling the Transaction.

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