CNPJ 61.532.644/0001-15

A Publicly Listed Company

ANNOUNCEMENT TO THE MARKET Participation in analyses led by Cambuhy Investiments S.A. for a possible investment in Alpargatas S.A.

Pursuant to the provision in Article 157, Paragraph 4 of Law 6,404/76 and CVM Instruction 358/02, Itaúsa - Investimentos Itaú S.A. ("Itaúsa") announces to the market that at a meeting today of the Board of Officers, approval was given for the participation of Itaúsa in analyses headed by Cambuhy Investimentos Ltda. ("Cambuhy") involving a possible transaction for the acquisition of the total shares issued by Alpargatas S.A. ("Alpargatas"), held by J&F Investimentos S.A. ("J&F"), pursuant to the material fact published by Alpargatas also of today's date.

Itaúsa's purpose is the eventual acquisition of 50% of the stake held by J&F and to sign a shareholders' agreement with Cambuhy for the shared management of Alpargatas.

Itaúsa wishes to point out that to the present time, no agreement has been reached with the parties involved as to the eventual said transaction. Itaúsa also undertakes to announce to the market the signature of any binding document with respect to this business with immediate effect.

Itaúsa further clarifies that since the ongoing analysis of new investments is habitual practice given the company's objective in participating in the capital of other corporate entities and, for this purpose, is continually evaluating potential operations that create additional shareholder value.

São Paulo (SP), June 26, 2017.

ALFREDO EGYDIO SETUBAL

Investor Relations Officer

Itaúsa - Investimentos Itaú SA published this content on 26 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 June 2017 22:29:11 UTC.