Material Fact

Dividend Payment

Banco do Estado do Rio Grande do Sul S.A. (Banrisul) informs its shareholders that, in accordance with the Interest on Equity and Dividend Payment Policy, the payment of complementary dividends for the fiscal year of 2019 was approved in the meeting of the Board of Directors held on June 04, 2020, in the amount of R$73,705,962.90 (seventy-three million, sevenhundred five thousand, nine-hundred sixty two reais and ninety cents), with the amount per class/type of share being R$0.18016094 for ON shares, R$0.19817703 for PNA shares and R$0.18016094 for PNB shares.

Shareholders registered in the Company‘s records on June 09, 2020 (date of declaration) will benefit, and the shares will be traded "ex-right" as of June 10, 2020.

The payment will occur on June 22, 2020 at the net amount of R$0.18016094 per ON shares, R$0.19817703 per PNA shares and R$0.18016094 per PNB shares. In accordance with current legislation, dividends are exempt from Income Tax.

Porto Alegre, June 04, 2020.

Marcus Vinícius Feijó Staffen
Chief Financial and Investor Relations Officer

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