[INCLUIR LOGO DA EMPRESA] BANCO BTG PACTUAL S.A. BTG PACTUAL PARTICIPATIONS LTD

Publicly-Held Company Publicly-Held Company

Corporate Taxpayers' ID (CNPJ/MF): 30.306.294/0001-45 Corporate Taxpayers' ID (CNPJ/MF): 15.073.274/0001-88

Praia de Botafogo nº 501, 6º andar Clarendon House, 2 Church Street

Rio de Janeiro, RJ, Brasil Hamilton, HM 11, Bermuda

NOTICE TO THE MARKET

Banco BTG Pactual S.A. ("Bank") and BTG Pactual Participations Ltd ("BTGP" and, together with the Bank, the "Companies"), pursuant to the provisions of CVM Instruction 358, of January 3, 2002, as amended, hereby inform their shareholders and the market in general that, in accordance with correspondence received today and annexed to this press release, investment funds and a foreign investor managed separately or jointly by Opportunity Asset Administradora de Recursos de Terceiros Ltda., Opportunity Gestora de Recursos Ltda. and Opportunity Gestão Internacional de Recursos Ltda. (collectively, "Opportunity") have sold 1,371,100 BBTG11 units and provided a loan of 3,328,407 BBTG11 units, thereby no longer holding more than 5% (i) of the Class A preferred shares issued by the Bank, (ii) of the Class A BDRs issued by BTGP and (iii) of the Class B BDRs issued by BTGP.

Finally, the Company is not aware if the sold or loaned units were acquired or taken on loan by investors who, after the completion of these transactions, would hold 5% of the BBTG11 units or have increased their percentage by 5% or more of the BBTG11 units.

Rio de Janeiro, September 3, 2015.

João Marcello Dantas Leite Investor Relations Officer

To
BANCO BTG PACTUAL S.A. Attn: Investor Relations Officer Dear Sirs,
Pursuant to CVM Instruction 358/2002, we hereby inform you that INVESTMENT FUNDS and a FOREIGN INVESTOR (collectively, "INVESTORS"), managed separately or jointly by (i) OPPORTUNITY ASSET ADMINISTRADORA DE RECURSOS DE TERCEIROS LTDA., inscribed in the roll of corporate taxpayers (CNPJ) under number 05.395.883/0001-08, (ii) OPPORTUNITY GESTORA DE RECURSOS LTDA., inscribed in the roll of corporate taxpayers (CNPJ) under number
01.608.570/0001-21 and (iii) OPPORTUNITY GESTÃO INTERNACIONAL DE RECURSOS LTDA., inscribed in the roll of corporate taxpayers (CNPJ) under number 09.647.907/0001-11, in transactions conducted during trading sessions of the São Paulo Stock Exchange (BOVESPA) from August 28, 2015 to September 2, 2015, jointly SOLD 1,371,100 Units (BBTG11), equivalent to
2,742,200 Class A preferred shares issued by Banco BTG Pactual S.A. ("Company") and jointly LOANED 3,328,407 Units (BBTG11), equivalent to 6,656,814 Class A preferred shares issued by the Company, thereby jointly holding, at the close of trading on September 2, 2015, 16,528,990 Class A preferred shares of the Company. Therefore, the INVESTORS' stake in the Company is currently
3.25% of the Class A preferred shares issued by the Company.
It should be noted that the position held by the INVESTORS is exclusively the result of their respective investment strategies, with no intention of altering the controlling group or the Company's management structure.
We also hereby communicate that the INVESTORS (i) do not hold subscription warrants, stock subscription rights, options to purchase shares or debentures convertible into the Company's shares; and (ii) have not signed any agreements or contracts regulating the exercise of voting rights or the purchase and sale of securities issued by the Company.
With no further matters to address at this time, we remain at your disposition for any additional clarifications that may be necessary.
OPPORTUNITY ASSET ADMINISTRADORA DE RECURSOS DE TERCEIROS LTDA.
OPPORTUNITY GESTORA DE RECURSOS LTDA. OPPORTUNITY GESTÃO INTERNACIONAL DE RECURSOS LTDA.
To
BTG PACTUAL PARTICIPATIONS LTD. Attn: Investor Relations Officer
Dear Sirs,
Pursuant to CVM Instruction 358/2002, we hereby inform you that INVESTMENT FUNDS and a FOREIGN INVESTOR (collectively, "INVESTORS"), managed separately or jointly by (i) OPPORTUNITY ASSET ADMINISTRADORA DE RECURSOS DE TERCEIROS LTDA., inscribed in the roll of corporate taxpayers (CNPJ) under number 05.395.883/0001-08, (ii) OPPORTUNITY GESTORA DE RECURSOS LTDA., inscribed in the roll of corporate taxpayers (CNPJ) under number
01.608.570/0001-21 and (iii) OPPORTUNITY GESTÃO INTERNACIONAL DE RECURSOS LTDA., inscribed in the roll of corporate taxpayers (CNPJ) under number 09.647.907/0001-11, in transactions conducted during trading sessions of the São Paulo Stock Exchange (BOVESPA) from August 28, 2015 to September 2, 2015, jointly SOLD 1,371,100 Units (BBTG11), equivalent to
1,371,100 Class A Brazilian Depositary Receipts ("Class A BDRs") and 2,742,200 Class B Brazilian Depositary Receipts ("Class B BDRs") of BTG Pactual Participations Ltd. ("Company") and jointly LOANED 3,328,407 Units (BBTG11), equivalent to 3,328,407 Class A BDRs and 6,656,814 Class B BDRs issued by the Company, thereby jointly holding, at the close of trading on September 2, 2015,
8,264,495 Class A BDRs and 16,528,990 Class B BDRs of the Company. Therefore, the INVESTORS' stake in the Company is currently 3.66% of the Class A BDRs and Class B BDRs issued by the Company.
It should be noted that the position held by the INVESTORS is exclusively the result of their respective investment strategies, with no intention of altering the controlling group or the Company's management structure.
We also hereby communicate that the INVESTORS (i) do not hold subscription warrants, stock subscription rights, options to purchase shares or debentures convertible into the Company's shares; and (ii) have not signed any agreements or contracts regulating the exercise of voting rights or the purchase and sale of securities issued by the Company.
With no further matters to address at this time, we remain at your disposition for any additional clarifications that may be necessary.
OPPORTUNITY ASSET ADMINISTRADORA DE RECURSOS DE TERCEIROS LTDA.
OPPORTUNITY GESTORA DE RECURSOS LTDA. OPPORTUNITY GESTÃO INTERNACIONAL DE RECURSOS LTDA.

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