Notice to the Market

Decrease of Major Shareholding

Banco do Estado do Rio Grande do Sul S.A. ("Banrisul") (B3 S.A., BRASIL, BOLSA, BALCÃO: BRSR3; BRSR5; BRSR6), financial institution headquartered at Rua Capitão Montanha, 177, Porto Alegre, Rio Grande do Sul, Tax Payer’s Id (CNPJ/MF) No. 92.702.067/0001-96, in compliance with the terms established by the Brazilian Securities Exchange (Comissão de Valores Mobiliários or "CVM") Instruction No. 358/02, as amended, hereby informs the market and stakeholders of the receipt from Skagen AS of document regarding its shareholding position and pursuant to current regulation.

Porto Alegre, November 30, 2018.

Júlio Francisco Gregory Brunet
Planning, Service Channels and Investor Relations Officer
Banco do Estado do Rio Grande do Sul S.A. - Banrisul

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