NOTICE TO THE SHAREHOLDERS

BRASIL INSURANCE PARTICIPAÇÕES E ADMINISTRAÇÃO S.A.
Brazilian Registry of Legal Entities (CNPJ/MF): 11.721.921/0001-60
Publicly-Traded Company

BRASIL INSURANCE PARTICIPAÇÕES E ADMINISTRAÇÃO S.A. ('Company'), in continuance to the Notice to the Shareholders on January 27, 2016, as supplemented on February 02, 2016 and the Notice to the Shareholders on March 02, 2016, hereby informs the Shareholders and the market in general that, on March 17, 2016, the subscription and payment term of non-subscribed share leftovers ended during the term to exercise the preemptive right relating to the capital increase approved by the Company's Board of Directors at a meeting held on January 26, 2016 ('Capital Increase').

During the period for leftover subscription, all of the two million, one hundred and ninety-eight thousand, nine hundred and ninety-eight (2,198,998) subscription-pending common shares were subscribed to, upon request for the subscription of additional leftovers to which the shareholders were entitled ('Additional Leftovers'), at the issue price of twenty-one Brazilian Reais and thirty-nine cents (R$ 21.39) per share, amounting to forty-seven million, thirty-six thousand, five hundred and sixty-seven Brazilian Reais and twenty-two cents (R$ 47,036,567.22). Since the requests for Additional Leftovers were higher than the available Additional Leftovers, the leftovers were proportionally prorated among the shareholders filing these requests.

Thus, taking into consideration the exercise of the preemptive right, the subscription for leftovers in the First Proration of Additional Leftovers, two million, three hundred and thirty-seven thousand, five hundred and forty (2,337,540) new common shares were subscribed to, amounting to forty-nine million, nine hundred and ninety-nine thousand, nine hundred and eighty Brazilian Reais and sixty cents (R$ 49,999,980.60), equivalent to the maximum amount approved for the Capital Increase. From this amount, twenty-nine million, nine hundred and ninety-nine thousand, nine hundred and eighty-eight Brazilian Reais and thirty-six cents (R$ 29,999,988.36) were assigned to the share capital account, and nineteen million, nine hundred and ninety-nine thousand, nine hundred and ninety-two Brazilian Reais and twenty-four cents (R$ 19,999,992.24) were assigned to the capital reserve account, under the article 182, paragraph 1 of the Law No. 6.404/76.

Since the maximum amount for the Capital Increase has not been reached, the term to reconsider the share subscription shall not be granted and the Board of Directors' Meeting of the Company shall be called in order to approve the ratification of the Capital Increase, with the issue of two million, three hundred and thirty-seven thousand, five hundred and forty (2,337,540) new common shares. A Company's special shareholders' meeting shall be called on a timely basis in order to reform the title of article 5 of the Company's Bylaws.

The shares issued shall be credited within four (4) business days after the ratification of the Capital Increase by the Company's Board of Directors.

São Paulo, March 17, 2016.

Bruno Gonçalves Carobrez
Chief Financial and Investor Relations Officer

Brasil Insurance Participações e Administração SA issued this content on 17 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 March 2016 13:32:26 UTC

Original Document: http://ri.brasilinsurance.com.br/brasilinsurance/web/conteudo_en.asp?idioma=1&tipo=34876&conta=44&id=223663