Notice to the Market - Share Conversion

Banco do Estado do Rio Grande do Sul S.A. (Banrisul), considering the option to convert its class A preferred (PNA) shares into common (ON) shares or class B preferred (PNB) shares issued by the Company, hereby notifies, for knowledge and disclosure, that, after conversion of 700 (seven hundred) class A preferred shares into common shares, the Company’s capital stock was altered, as shown below:

Capital Stock as of January 10, 2017, date of last modification.

Common Shares: 205,055,105
Class A Preferred Shares: 3,517,641
Class B Preferred Shares: 200,402,731
Total 408,974,477

Capital Stock after Conversions as of January 30, 2017.

Common Shares: 205,055,805
Class A Preferred Shares: 3,515,941
Class B Preferred Shares: 200,402,731
Total 408,974,477

Porto Alegre, January 30, 2017.

Ricardo Richiniti Hingel
CFO and Investor Relations Officer
Banco do Estado do Rio Grande do Sul S.A. - Banrisul

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