Banco Industrial e Comercial S.A. Announces the Results of its Consent Solicitation for the Holders of its 5.25 per cent. Notes

    Banco Industrial e Comercial S.A. Announces the Results of its Consent
      Solicitation for the Holders of its 5.25 per cent. Notes Due 2015

PR Newswire

SAO PAULO, May 20, 2014

SAO PAULO, May 20, 2014 /PRNewswire/ --

Banco Industrial e Comercial S.A.
(incorporated as a sociedade por acoes under the laws of the Federative
Republic of Brazil)

Banco Industrial e Comercial S.A. (the "Bank") announced today the results of
its solicitation of consents (the "Consent Solicitation") from holders of its
5.25 per cent. Notes due 2015 (ISIN: US05961HAE80 (Rule144A) - XS0552649021
(Reg S) (the "Notes") in accordance with the terms and conditions set forth in
the Consent Solicitation Statement dated 17 April 2014 (as amended or
supplemented, the "Consent Solicitation Statement").

The Bank is pleased to announce that, at the Adjourned Meeting held today at
11.00 a.m. (BST) (as the initial meeting held on 9 May 2014 was adjourned due
to being inquorate), at the offices of Hogan Lovells International LLP,
Atlantic House, Holborn Viaduct, London EC1A 2FG, United Kingdom, the
Extraordinary Resolution relating to the Bank's Consent Solicitation has been
passed. Details of the aggregate principal amount of Notes represented at the
Adjourned Meeting, including the proportion which was in favour of the
Extraordinary Resolution, are set out below:

Amount of Notes   Aggregate principal Aggregate principal amount Percentage in
outstanding in    amount represented  in favour of the           favour of the
respect of the    at the Adjourned    Extraordinary Resolution   Extraordinary
Adjourned Meeting Meeting                                        Resolution
                                                              

US$342,970,000    US$159,926,000      US$159,326,000             99.62%



For a complete statement of the terms and conditions of the Consent
Solicitation, the holders of the Notes (the "Noteholders") should refer to the
Consent Solicitation Statement. Copies of the Consent Solicitation Statement
may be obtained by Noteholders from the Tabulation and Information Agent at
the contact below. Capitalised terms used in this announcement but not defined
have the meanings given to them in the Consent Solicitation Statement.

Citigroup Global Markets Inc. is the Solicitation Agent for the Consent
Solicitation. Questions and requests for assistance with regard to the
Consent Solicitation may be directed to Citigroup Global Markets Inc. at the
contact below.

Banco Industrial e Comercial S.A
Paulo Celso Del Ciampo
International Division Director
Av. Brigadeiro Faria Lima, 4440, 5º andar
Sao Paulo, SP 04538-132, Brazil
Paulo.celso@bicbanco.com.br

                                  TABULATION AND INFORMATION AGENT
SOLICITATION AGENT
                                  

                                  Global Bondholder Services Corporation
Citigroup Global Markets Inc.
                                  65 Broadway – Suite 404
390 Greenwich Street, First Floor
                                  New York, New York 10006
New York, NY 10013, USA
                                  Attn: Corporate Actions
Attn: Liability Management Group
                                  Banks and Brokers call: (212) 430-3774
Collect: (212) 723-6106
                                  Toll free: (866)-470-3800
Toll free: (800) 558-3745
                                  



THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO BUY OR THE SOLICITATION OF
AN OFFER TO SELL THE NOTES DESCRIBED HEREIN. THE CONSENT SOLICITATION
STATEMENT DESCRIBED HEREIN DOES NOT CONSTITUTE AN INVITATION TO PARTICIPATE IN
THE SOLICITATION IN OR FROM ANY JURISDICTION IN OR FROM WHICH, OR TO OR FROM
ANY PERSON TO OR FROM WHOM, IT IS UNLAWFUL TO MAKE SUCH INVITATION UNDER
APPLICABLE SECURITIES LAWS. THE DISTRIBUTION OF THE CONSENT SOLICITATION
STATEMENT IN CERTAIN JURISDICTIONS MAY BE RESTRICTED BY LAW.

SOURCE Banco Industrial e Comercial S.A.

Contact: Paulo Celso Del Ciampo International Division, Director, email
Paulo.celso@bicbanco.com.br (Paulo Celso - phone (5511) 2173-9010)
 
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