Notice to the Market

Decrease of Major Shareholding

Banco do Estado do Rio Grande do Sul S.A. (Banrisul), (B3: 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 Kapitalo Investimentos Ltda., of the attached document, regarding the decrease of its shareholding position, pursuant to current regulation.

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Porto Alegre, May 14, 2020.

Marcus Vinícius Feijó Staffen
Chief Financial and Investor Relations Officer