São Paulo, May 13rd, 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 on May 12th, 2015 from Morgan Stanley, an investor in Banco Industrial e Comercial S.A..

Very truly yours, Milto Bardini

Investor Relations Officer

M:organStanley

May 12,2015
Banco Industria!e Comercial S.A. Attn: Milto Bardini
Investor Relations Officer
Avenida Brigadeiro Faria Lima, 4.440 - 2nd floor
SP- Sao Paulo- CEP 04538-132- Brasil
Dear Sir,

One New York Plaza

NewYork, NY 10004

In accordance with the Comisséio de Valores Mobiliarios ("CVM") Instruction 358 dated January 3, 2002, Artide 12, paragraph 4, please be notified that, as of May 8th, 2015, Morgan Stanley Uruguay Ltda. held a total of 9.342.200 common shares of Banco Industria! e Comercial S.A. (the "Company''), equivalent to 10.1% of the Company's outstanding preferred shares. Morgan Stanley Uruguay Ltda.'s position includes 30.000 loaned preferred shares.

l Morgan Stanley Uruguay Ltda. 9.342.200 shares l


Morgan Stanley declares that the position herein mentioned was not acquired for the purpose of acquiring control of the Company, and with no intent of altering the Company's administration, composition of control, or operations.
Sinc

By


Cesar Coy
Title: Authori-zed Signatory

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