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Notice to The Market

Notice to The Market

In view of the resolutions of the Extraordinary General Meeting of June 1, 2007, we announce that:

- the shareholding positions on our records on July 24, 2007 will be grouped;

- the ungrouped blocked shares will be valid until July 27, 2007 (including).

Porto Alegre, July 19, 2007.

Banco do Estado do Rio Grande do Sul S/A
Ricardo Richiniti Hingel
Investor Relations Officer

Contact IR

Phone: +55 51 3215-3232

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