BANCO DO ESTADO DO RIO GRANDE DO SUL S.A. 
By SHARE CONVERSION
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 200 (two hundred) class A preferred shares into 200 (two hundred)
Capital Stock after Conversions as of March 26,2014.
| Common Shares: | 205,043,395 |
| Class A Preferred Shares: | 3,531,451 |
| Class B Preferred Shares: | 200,399,631 |
| Total | 408,974,477 |
Capital Stock after Conversions as of April 11,2014.
| Common Shares: | 205,043,395 |
| Class A Preferred Shares: | 3,531,451 |
| Class B Preferred Shares: | 200,399,631 |
| Total | 408,974,477 |
João Emílio Gazzana
CFO and Investor Relations Officer
Banco do Estado do Rio Grande do Sul S.A. - Banrisul
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