BM&F Bovespa : NOTICE TO THE MARKET - MARKET PERFORMANCE - JUNE 2014

Brazilian Federal Taxpayer CNPJ No.09.346.601/0001-25
Corporate Registry (NIRE) No. 35.300.351.452

BOVESPA SEGMENT

Trading value in the equity market (BOVESPA segment) totaled BRL 120.42 billion in June, down compared with the previous month (BRL 133.83 billion). Average daily trading value was BRL 6.33 billion, practically unchanged from the previous month (BRL 6.37 billion). Total volume reached 14,406,616 trades, also down compared with the previous month (17,481,365). Average daily volume was 758,243 (832,446 in May).

The most traded stocks in June were PETROBRAS PN, with BRL 10.68 billion; ITAUUNIBANCO PN, with BRL 6.28 billion; VALE PNA, with BRL 5.64 billion; BRADESCO PN, with BRL 4.97 billion; and PETROBRAS ON, with BRL 3.25 billion.

The IBOVESPA gained 3.76% in June, reaching 53,168 points.
The month's top performers in the IBOVESPA were ELETROPAULO PN (+20.11%); ENERGIAS BR ON (+15.55%); ANHANGUERA ON (+15.06%); BB SEGURIDADE ON (+13,82%); and CIELO ON (+13.66%). The worst performers in June were MMX MINER ON (-15.06%); GOL PN (-8.73%); PDG REALT ON (-5.81%); GERDAU MET PN (-4.17%); and USIMINAS PNA (-3,93%).

The other indexes calculated by the Exchange ended June as follows: IBRAT (+3.58%. at 2,039 points); IBXL (+3.66% at
8,948 points); IBXX (+3.62% at 21,934 points); ICO2 (+3.21% at 1,195 points); ICON (+4.50% at 2,529 points); IDIV (+4.58% at 3,434 points); IEEX (+6.85% at 28,133 points); IFIX (+1.34% at 1,387 points); IFNC (+5.36% at 4,831 points); IGCT (+3.95% at 2,199 points); IGCX (+4.36% at 8,120 points); IGNM (5.73% at 1,793 points); IMATT (-0.08% at 1,481 points); IMOB (+2.35% at 660 points); INDX (+2.27% at 11,446 points); ISEE (+4.48% at 2,511 points); ITATG (+3.98% at
10,994 points); IVBX (+3.98% at 7,379 points); MLCX (+3.68% at 996 points); SMLL (+2.75% at 1,272 points); UTIL
(+7.42% at 2,940 points); BDRX (+1.28% at 2,245 points).

Market capitalization of the 369 stocks listed on the BM&FBOVESPA reached BRL 2.43 trillion in June, up compared
with the previous month (BRL 2.35 trillion for the same number of stocks).

In June the 187 stocks listed on BM&FBOVESPA's special corporate governance segments represented 69.17% of total
market cap, 74.75% of total trading value, and 83.98% of the total volume traded in the cash market, compared with
68.78%, 81.01% and 84.02% respectively in the previous month.

The cash market (round lots) accounted for 96% of total trading value in June, followed by the options market with
2.7%, and the forward market with 1.4%. The After Market traded BRL 498.97 million, with 32,412 trades, compared with BRL 652.05 million and 39,650 trades in the previous month.

Payouts to shareholders by the companies listed on BM&FBOVESPA totaled BRL 4.82 billion in June. Dividends accounted for BRL 3.56 billion and interest on equity for BRL 672.40 million. The total in May was BRL 3.86 billion, with dividends accounting for BRL 2.77 billion and interest on equity for BRL 693.41 million.
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Foreign investors maintained their lead in June, accounting for 50.69% of total trading value (50.32% in May). Institutional investors came next, accounting for 30.13% (29.67% in May), followed by individual investors with 13.13% (15.22% in May), financial institutions with 4.73% (4.21% in May), and corporates with 1.28% (0.76% in May).

At end-June, BM&FBOVESPA had 564,293 individual investor stock exchange accounts in custody, compared with
568,217 a month earlier.

Net foreign investment in the Brazilian stock market totaled BRL 18.0 billion in the first six months of 2014, comprisi ng
BRL 5.8 billion invested in stock offerings in Brazil and BRL 12.2 billion in trading on BM&FBOVESPA's secondary market. In the month of June, net foreign investment in the Brazilian stock market reached BRL 1.4 billion, with stock sales amounting to BRL 60.3 billion and stock purchases to BRL 61.7 billion.
Foreign investor participation in stock offerings including IPOs represented 41.3% of transactions pursuant to offers with close dates announced on or before June 3, which totaled BLR 14 billion, as shown in the table available on BM&FBOVESPA's website (Media Room).

The number of transactions involving BM&FBOVESPA's 16 exchange-traded funds totaled 105,208 in June, for an aggregate value of BRL 1.58 billion, compared with 111,407 and BRL 1.96 billion respectively in previous month. The most traded ETF was BOVA11, which tracks the IBOVESPA, with BTL 1.44 billion in June (BRL 1.78 billion in the previous month).

In June the number of securities lending transactions reached 108,422, compared with 117,056 in the previous month. Trading value amounted to BRL 51.74 billion, compared with BRL 54.26 billion in May.

Trading value in BM&FBOVESPA's secondary market for corporate bonds reached BRL 17.97 million in June, compared with BRL 30.47 million in the previous month. Debentures accounted for BRL 15.03 million and mortgaged -backed securities (CRIs) for BRL 2.63 million.

The number of transactions involving FIIs traded on BM&FBOVESPA totaled 72,253 in June, for an aggregate value of BRL 359.19 million, compared with 75,163 and BRL 404.79 million respectively in the previous month. At the end of the month 122 FIIs were registered for trading.

BM&F SEGMENT

The number of contracts traded in BM&FBOVESPA's derivatives markets (BM&F Segment) totaled 44,167,716 in June, for an aggregate value of BRL 3.15 trillion, compared with 43,725,511 and BRL 3.19 trillion in the previous month. Open interest comprised 41,068,537 contracts at closing on the last trading day of June, compared with 36,689,943 a month earlier.

The number of interest-rate futures contracts (DI) traded in June totaled 19,327,725, compared with 19,568,736 in the previous month. The number of United States Dollar (USD) futures contracts traded in June totaled 5,754,460, compared with 5,815,735 in May. The number of IBOVESPA futures contracts traded in June totaled 1,217,416, compared with 1,435,775 in the previous month.

The number of commodity futures and options contracts traded in June totaled 182,029, compared with 194,274 in the previous month. Open interest at the end of the period amounted to 103,244 positions, compared with 93,122 a month earlier.
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The number of live cattle futures and options contracts traded in June totaled 71,606, compared with 99,025 in May. The number of corn futures and options contracts totaled 82,555, compared with 67,870 in the previous month. Arabica coffee ended with 11,486 contracts, compared with 13,402 at end-May. In the case of soybeans, the total was
6,238, compared with 2,748 a month earlier. In that of hydrous ethanol, it was 4,910, compared with 2,623 at end-May.

The number of contracts traded in the spot gold market (250 grams) totaled 329, for an aggregate value of BRL 7.64
million, compared with 468 and BRL 10.76 million respectively in the previous month.

Trading value in agribusiness securities registered with BM&FBOVESPA totaled BRL 107.85 billion in June, compared
with BRL 104.67 billion in the previous month. The stock of Agribusiness Credit Bills (LCAs) totaled BRL 103.60 billion at end-June, compared with BRL 101.22 billion at end-May.

The number of spot transactions in United States Dollars (USD) totaled 24 in June, for an aggregate value of BRL USD 74 million, compared with 6 transactions and USD 1.35 million in the previous month. The number of USD transactions performed in the Brazilian interbank market and registered for settlement with BM&FBOVESPA's Foreign Exchange Clearinghouse totaled 2,424 in June, for an aggregate value of USD 30.10 billion, compared with 2,247 and USD 27.34 billion in May.

Financial institutions led derivatives trading in the BM&F Segment in June, accounting for 33.49% of the total, compared with 29.56% in the previous month. Institutional investors came next, accounting for 31.15%, compared with
30.11% in the previous month, followed by foreign investors, who accounted for 28.93%, compared with 32.41% in May, individual investors, who accounted for 5.36%, compared with 6.66% a month earlier, and corporates, which accounted for 0.86%, compared with 1% in May.

DMA - BM&F SEGMENT

Transactions in the BM&F Segment* through order routing via Direct Market Access (DMA) involved 31,713,615 contracts and 4,534,078 trades in June, compared with 34,249,447 contracts and 5,496,726 trades in the previous month.

1,588,891 transactions in the previous month

26,701 transactions in the previous month

3,352,517 transactions in the previous month
Foreign investors introduced to BM&FBOVESPA by CME (and who use Globex-BM&FBOVESPA PUMA Trading System order routing or access BM&FBOVESPA's markets via co-location) traded 2,986,308 contracts in 920,708 trades in June, compared with 3,431,984 contracts and 1,130,184 transactions in the previous month.
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DMA - BOVESPA SEGMENT

The number of DMA transactions in the BOVESPA Segment* totaled 16,016,709 in June, for an aggregate value of BRL
93.30 billion, compared with 19,828,797 transactions worth BRL 112.44 billion in the previous month.

* BM&FBOVESPA's trading systems can be accessed using four types of DMA: 1, 2, 3 and 4. In Model 1, or traditional DMA, customers access the trading system via the technological structure of a brokerage house. In Model 2, or DMA via a provider, customers do not use a brokerage house but connect via an authorized access provider. DMA with order routing via Globex in the BM&F Segment is a form of Model 2 access. In Model 3, or DMA via direct connection, customers connect directly to the Exchange's trading platforms. In Model 4, DMA via co-location, customers install their computers inside the Exchange.

Note: The above trading values and volumes by access type include both sides of each trade (buy and sell). DMA trading statistics for the BM&F and

BOVESPA Segments have been consolidated in BM&FBOVESPA's monthly reports since May 2009.

São Paulo, July 4, 2014.

Chief Product and IR Officer
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