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 477 (four hundred and seventy-seven) class A preferred shares into common shares, the Company's capital stock was altered, as shown below:

Capital Stock on of December 10, 2015, date of last modification.

Common Shares: 205,051,528
Class A Preferred Shares: 3,520,218
Class B Preferred Shares: 200,402,731
Total 408,974,477

Capital Stock after Conversions as of January 21, 2016.

Common Shares: 205,052,005
Class A Preferred Shares: 3,519,741
Class B Preferred Shares: 200,402,731
Total 408,974,477

Porto Alegre, January 21, 2016.

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

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BANRISUL - Banco do Estado do Rio Grande do Sul SA issued this content on 25 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 January 2016 16:13:28 UTC

Original Document: http://ri.banrisul.com.br/banrisul/web/conteudo_en.asp?idioma=1&tipo=8518&conta=44&id=221527