São Paulo, July 16th, 2012 - Banco Cruzeiro do Sul S.A.
("Company"), a publicly-held financial institution,
under the process of Temporary Special Administration Process
(RAET) as per "Notice to the Market" filed at the Comissão de
Valores Mobiliários (CVM) on June 4th,
2012, would like to inform that:
In view of the news published on July 14th, 2012, we hereby
announces to the market that the Company disregard the source
and the procedure of the information published on "O Estado
de São Paulo" newspaper, and up to the conclusion of the due
diligence that is being performed by Price Watherhouse, PWC,
and the release of the financial statement report which is
forecasted by law, it is not possible to provide the
estimated amount of the potential loses, or the necessity of
provisions on the bank or on its subsidiaries.
On top of that we also do not recognize the grounds that
could justify the volatility observed on our Stocks traded at
the BM&FBOVESPA, and also on our Bonds issued on the
international debt capital markets, on the earlier days.
As soon as we have any information which could provide the
actual figures of the Company's shareholder equity, it will
be released to the market according to the requirements of
the local legislation.
Sincerely,
Banco Cruzeiro do Sul
Special Management
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