Change in the Positions of Chief Executive Officer and of Investor Relations Officer

Porto Alegre, January 12, 2011 - BANRISUL - Banco do Estado do Rio Grande do Sul (BM&FBovespa: BRSR3; BRSR5; BRSR6), financial institution that acts in the commercial, development and social areas of all segments of society in the state of Rio Grande do Sul, announces that Mr. Mateus Affonso Bandeira resigned from the post of Banrisul’s Chief Executive Officer as of January 12, 2011, to assume as senior executive at INDG - Instituto de Desenvolvimento Gerencial (Institute for Management Development), remaining as member of Banrisul’s Board of Administration.

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