São Paulo, January 27th, 2015.

To

The Brazilian Securities Exchange Commission - CVM Att: Superintendence for Monitoring of Companies

In compliance with section 12 of Instruction CVM 358 dated January 3rd, 2002, we attach correspondence received from an investor in Banco Industrial e Comercial S.A. - BICBANCO on January 26th, 2015.

Very truly yours, Milto Bardini

Investor Relations Officer

Banco Industriai e Comercial S.A.

Publicly-held Company

Banco Industriai e Comercial S.A.

Companhia Aberta
CNPJ/MF 07.450.604/0001-89
NIRE 35.3.0014346-9
CNPJ/MF 07.450.604/0001-89
NIRE 35.3.0014346-9
In accordance with the main section and §4 of Em cumprimento ao que estabelece o artigo 12,

article 12 of CVM lnstruction No. 358 of January 3, capute §4°, da lnstruçao CVM no 358, datada de 3

2002, as amended, Goldman, Sachs & Co. de janeiro de 2002, conforme alterada, Goldman, ("Goldman Sachs"), a New York limited partnership Sachs & Co. ("Goldman Sachs"), urna limited and registered as a broker-dealer and as an partnership devidamente organizada e existente investment adviser pursuant to the laws of the de acordo com as leis do Estado de Nova lorque e United States Securities and Exchange registrada como urna corretora e consultora de Commission, a wholly-owned subsidiary of The investimentos conforme as leis da Comissao de Goldman Sachs Group, lnc. and enrolled with the Cambio e Valores Mobiliarios dos Estados Unidos C.N.P.J. under No. CNPJ 05.987.216/0001-06, (United States Securities and Exchange with its principal piace of business at 200 West Commission), e urna subsidiaria integrai do The Street, New York, NY 10282, hereby inforrns you Goldman Sachs Group, lnc., inserita no C.N.P.J. that on January 22, 2015, Goldman Sachs sob n° CNPJ 05.987.216/0001-06, com sede em together with its affiliate Goldman Sachs 200 West Street, New York, NY 10282, vem por lntemational (collectively, the "Goldman Entities"), meio desta comunicar que em 22 de janeiro de a wholly-owned subsidiary of The Goldman Sachs 2015 a Goldman Sachs juntamente com sua Group, lnc. and enrolled with the C.N.P.J. under afiliada Goldman Sachs lntemational No. 05.479.103/0001-08, owned 4,638,495 (four (conjuntamente "Entidades Goldman"), urna million six hundred thirty-eight thousand four subsidiaria integrai do The Goldman Sachs Group, hundred ninety-five) non-voting preferred shares lnc. e inserita no C.N.P.J. sob no 05.479.103/0001- (the "Shares") issued by Banco Industriai e 08, detinham 4.638.495 (quatro milhOes Comercial S.A. (the "Company"), or 5.0% (five seiscentos e trinta e oito mil quatrocentas e point zero percent) of the class of outstanding noventa e cinco) açoes preferenciais (as "Acoes") Shares of the Company. This is a minority de emissao do Banco Industriai e Comercial S.A. investment that does not involve a change in the (a "Companhia"), ou 5,0 (cinco por cento) da composition of corporate control or a change in the classe de Açaes em circulaçao da Companhia. management structure of the Company. Currently, Este é um investimento minoritario que nao the Goldman Entities do not target any quantity of envolve mudança na composiçao do contrale the Company's shares. Other than as disclosed acionario ou na alteraçao da estrutura herein, there are no convertible debentures administrativa da Companhia. Atualmente, as already held, directly or indirectly, by the Goldman Entidades Goldman nao visam adquirir outras Entities, nor any agreement or contract regulating açoes da Companhia. Exceto pelo que foi voting rights or the purchase and sale of securities divulgado neste documento, as Entidades issued by the Company, to which the Goldman Goldman, ou quaisquer de suas afiliadas ou Entities are a party. controladas, nao detém, direta e/ou indiretamente,
debéntures conversfveis de em1ssao da
Companhia, bem como nao fazem parte de
nenhum contrato ou acordo dispondo sobre direito de voto ou sobre a compra e venda de valores mobiliarios de emissao da Companhia.
January 26, 2015
26 de janeiro de 2015

Goldman, Sachs & Co. Goldman Sachs lntemational

distributed by