Material Fact - Guidance Review

Porto Alegre, November 9, 2016.

We inform Shareholders that Banco do Estado do Rio Grande do Sul S.A. ("Banrisul"), pursuant to Instruction no. 358 of January 3, 2002, issued by the Brazilian Securities and Exchange Commission ("CVM"), as amended ("CVM Instruction 358"), and Paragraph 4 of Article 157 of Law no. 6,404 of December 15, 1976, as amended ("Corporation Law"), hereby informs that goals for 2016 were reviewed.

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Banrisul Investor Relations
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