01

New Year´s Day

There will be no trading or settlement on BM&FBOVESPA's markets.

On U.S. bank holidays the BM&FBOVESPA Clearinghouse (Derivatives - BM&F Segment) and the Foreign Exchange (FX) Clearinghouse will merely register transactions in accordance with the applicable legislation. Settlement of the obligations arising from agricultural commodity derivatives transactions and FX transactions will take place on the immediately subsequent business day in New York City and the same business day in Brasília.

19

Birthday of Martin Luther King, Jr.

On U.S. bank holidays the BM&FBOVESPA Clearinghouse (Derivatives - BM&F Segment) and the Foreign Exchange (FX) Clearinghouse will merely register transactions in accordance with the applicable legislation. Settlement of the obligations arising from agricultural commodity derivatives transactions and FX transactions will take place on the immediately subsequent business day in New York City and the same business day in Brasília.

16

Carnival

There will be no trading or settlement on BM&FBOVESPA's markets.

16

Washington's Birthday

On U.S. bank holidays the BM&FBOVESPA Clearinghouse (Derivatives - BM&F Segment) and the Foreign Exchange (FX) Clearinghouse will merely register transactions in accordance with the applicable legislation. Settlement of the obligations arising from agricultural commodity derivatives transactions and FX transactions will take place on the immediately subsequent business day in New York City and the same business day in Brasília.

17

Carnival

There will be no trading or settlement on BM&FBOVESPA's markets.

18

Ash Wednesday - Special trading times

Trading and registration in BM&FBOVESPA's markets will open at 1:00 pm except the federal government securities market (SISBEX), which will open and close at the usual times.

No content for the month selected.

03

Good Friday

There will be no trading or settlement on BM&FBOVESPA's markets.

On U.S. bank holidays the BM&FBOVESPA Clearinghouse (Derivatives - BM&F Segment) and the Foreign Exchange (FX) Clearinghouse will merely register transactions in accordance with the applicable legislation. Settlement of the obligations arising from agricultural commodity derivatives transactions and FX transactions will take place on the immediately subsequent business day in New York City and the same business day in Brasília.

21

Tiradentes Day

There will be no trading or settlement on BM&FBOVESPA's markets.

01

Labor Day

There will be no trading or settlement on BM&FBOVESPA's markets.

25

Memorial Day

On U.S. bank holidays the BM&FBOVESPA Clearinghouse (Derivatives - BM&F Segment) and the Foreign Exchange (FX) Clearinghouse will merely register transactions in accordance with the applicable legislation. Settlement of the obligations arising from agricultural commodity derivatives transactions and FX transactions will take place on the immediately subsequent business day in New York City and the same business day in Brasília.

04

Corpus Christi Day

There will be no trading or settlement on BM&FBOVESPA's markets.

03

Independence Day (Observed)

On U.S. bank holidays the BM&FBOVESPA Clearinghouse (Derivatives - BM&F Segment) and the Foreign Exchange (FX) Clearinghouse will merely register transactions in accordance with the applicable legislation. Settlement of the obligations arising from agricultural commodity derivatives transactions and FX transactions will take place on the immediately subsequent business day in New York City and the same business day in Brasília.

09

Constitutional Battle of 1932 (state holiday)

There will be trading and registration in the federal government securities market (SISBEX) and in the spot FX market; and registration of trades in the OTC market.

Treasury Direct buy trading will begin at 9:00 am on July 8, 2015 (Wednesday), and end at 5:00 am on July 10, 2015 (Friday). Confirmations of purchases must be executed normally on July 10, 2015 (Friday).

Treasury Direct sell trading will begin at 9:00 am on July 8, 2015 (Wednesday), and end at 5:00 am on July 9, 2015 (Thursday). Physical and cash settlement of sales will be executed on July 10, 2015 (Friday).

No content for the month selected.

07

Independence Day

There will be no trading or settlement on BM&FBOVESPA's markets.

07

Labor Day

On U.S. bank holidays the BM&FBOVESPA Clearinghouse (Derivatives - BM&F Segment) and the Foreign Exchange (FX) Clearinghouse will merely register transactions in accordance with the applicable legislation. Settlement of the obligations arising from agricultural commodity derivatives transactions and FX transactions will take place on the immediately subsequent business day in New York City and the same business day in Brasília.

12

Our Lady of Aparecida Day

There will be no trading or settlement on BM&FBOVESPA's markets.

13

Columbus Day

On U.S. bank holidays the BM&FBOVESPA Clearinghouse (Derivatives - BM&F Segment) and the Foreign Exchange (FX) Clearinghouse will merely register transactions in accordance with the applicable legislation. Settlement of the obligations arising from agricultural commodity derivatives transactions and FX transactions will take place on the immediately subsequent business day in New York City and the same business day in Brasília.

02

All Souls Day

There will be no trading or settlement on BM&FBOVESPA's markets.

11

Veterans Day

On U.S. bank holidays the BM&FBOVESPA Clearinghouse (Derivatives - BM&F Segment) and the Foreign Exchange (FX) Clearinghouse will merely register transactions in accordance with the applicable legislation. Settlement of the obligations arising from agricultural commodity derivatives transactions and FX transactions will take place on the immediately subsequent business day in New York City and the same business day in Brasília.

20

Black Consciousness Day (municipal holiday)

There will be trading and registration in the federal government securities market (SISBEX) and in the spot FX market; and registration of trades in the OTC market.

Treasury Direct buy trading will begin at 9:00 am on November 19, 2015 (Thursday), and end at 5:00 am on November 23, 2015 (Monday). Confirmations of purchases must be executed normally on November 23, 2015 (Monday).

26

Thanksgiving Day

On U.S. bank holidays the BM&FBOVESPA Clearinghouse (Derivatives - BM&F Segment) and the Foreign Exchange (FX) Clearinghouse will merely register transactions in accordance with the applicable legislation. Settlement of the obligations arising from agricultural commodity derivatives transactions and FX transactions will take place on the immediately subsequent business day in New York City and the same business day in Brasília.

22

Important Notice

The FX Clearinghouse will not accept transactions for settlement on T+2.

23

Important Notice

The FX Clearinghouse will not accept transactions for settlement on T+1.

24

Christmas Eve

There will be no trading in equities, government and corporate debt or derivatives.

Treasury Direct buy trading will begin at 9:00 am on December 23, 2015 (Wednesday), and end at 5:00 am on December 28, 2015 (Monday). Confirmations of purchases must be executed normally on December 28, 2015 (Monday).

Treasury Direct sell trading will begin at 9:00 am on December 23, 2015 (Wednesday), and end at 5:00 am on December 24, 2015 (Thursday). Settlement of sales will be executed on December 28, 2015 (Monday).

The FX Clearinghouse will not accept transactions for settlement on T+0.

There will be trading and registration in the spot FX market until 11:30 am, and registration of trades without a central counterparty in the OTC market until midday.

25

Christmas Day

There will be no trading or settlement on BM&FBOVESPA's markets.

On U.S. bank holidays the BM&FBOVESPA Clearinghouse (Derivatives - BM&F Segment) and the Foreign Exchange (FX) Clearinghouse will merely register transactions in accordance with the applicable legislation. Settlement of the obligations arising from agricultural commodity derivatives transactions and FX transactions will take place on the immediately subsequent business day in New York City and the same business day in Brasília.

29

Important Information

The FX Clearinghouse will not accept transactions for settlement on T+2.

30

Important Information

The FX Clearinghouse will not accept transactions for settlement on T+1.

31

New Year's Eve

There will be no trading in equities, government and corporate debt, derivatives, or spot foreign exchange.

Treasury Direct buy trading will begin at 9:00 am on December 30, 2015 (Wednesday), and end at 5:00 am on January 4, 2016 (Monday). Confirmations of purchases must be executed normally on January 4, 2016 (Monday).

Treasury Direct sell trading will begin at 9:00 am on December 30, 2015 (Wednesday), and end at 5:00 am on December 31, 2015 (Thursday). Settlement of sales will be executed on January 4, 2016 (Monday).

There will be registration of trades without a central counterparty in the OTC market until midday.

The FX Clearinghouse will not accept transactions for settlement on T+0.

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