MATERIAL EVENT Banif - Banco Internacional do Funchal S.A. informs about the repurchase of contingent convertible bonds (CoCo's), subscribed by the Portuguese State, in the amount of €125 million.

Lisbon, 11th of April 2014
Banif - Banco Internacional do Funchal, S.A. informs that, after receiving due authorization from the Banco de Portugal, and according to number 7 of the Terms and Conditions of Core Tier 1 Instruments subscribed by the Portuguese State, laid in the annex of the Administrative Ruling nº 1527- B/2013, 23rd of January, issued by the Minister of State and Finance, has completed the repurchase of €125 million in contingent convertible bonds (CoCo's).
The Board of Directors

Banif - Banco Internacional do Funchal, SA Listed Company

Registered Office: Rua de João Tavira, 30 - 9004-509 Funchal

Share Capital: Euros 1.582.195.220,43

Corporate Tax Number 511 202 008

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