Notice to Shareholders - Payment of Dividends

NOTICE TO SHAREHOLDERS

PAYMENT OF DIVIDENDS

We hereby inform shareholders that the dividends declared by the Company at the Annual Shareholders’ Meeting held on April 29, 2011, at 10:00 a.m., in the total amount of fifty-nine million, nine hundred sixty-six thousand, five hundred three reais and ninety-six centavos (R$59,966,503.96), which is exempt from income tax, in accordance with Article 10 of Federal Law 9,249/95, will be paid to Shareholders of record on April 29, 2011, in accordance with the following procedures:

1) Dividend of R$0.257043284995005 per common share.

2) Instructions for crediting the dividends:

2.1) The dividends will be paid on May 10, 2011.

2.2) The credits will be made available to shareholders based on the bank information provided to Itaú Unibanco S.A., the bookkeeping institution of the Company‘s shares, on the payment date indicated in item 2.1 above.

2.3) For shareholders whose registration information does not contain the taxpayer identification number (CPF/CNPJ) or data for the “Bank/Branch/Current Account”, the dividends will be credited only as of the third business day after the registration information is updated in the electronic files of Itaú Unibanco S/A, which may be effected at any branch of the bank network or by delivering correspondence to the address Unidade de Ações e Debêntures, Avenida Engenheiro Armando de Arruda Pereira, 707, 7º andar, Jabaquara, CEP 04344-902, city and state of São Paulo.

3) Service locations: The bank branches of Itaú Unibanco S.A. authorized to provide services to shareholders.

4) The Company‘s shares will trade ex-dividends as of May 2, 2011, inclusive.

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