Banrisul - Investor Relations Mobile
Material Fact - Change in number of shares

MATERIAL FACT

BANCO DO ESTADO DO RIO GRANDE DO SUL S.A. ("Banrisul"), pursuant to the Brazilian Securities Commission (Comissão de Valores Mobiliários) ("CVM") Instruction No. 358, dated January 3, 2002, as amended, Instruction No. 476, dated January 16, 2009, as amended ("CVM Instruction 476") and pursuant to Section 157, §4° of Law No. 6,404, dated December 15, 1976, as amended, in addition to the Material Fact disclosed on September 9, 2019, hereby informs its shareholders and the market that the State of Rio Grande do Sul (Estado do Rio Grande do Sul) ("Selling Shareholder") decided to modify the number of common shares being offered by the Selling Shareholder in this offering to 71,350,686 common shares (the "Shares").

In addition, the Selling Shareholder has the right to exercise an option to sell, in a joint decision with the Brazilian placement agents, an aggregate of up to 24,972,740 additional common shares, which represent up to 35% of the common shares initially offered at the same offering price per share, totaling up to 96,323,426 common shares.

To access the complete document, click here.

Porto Alegre, September 17, 2019.

Regards,

Marcus Vinícius Feijó Staffen
CFO & IRO
BANCO DO ESTADO DO RIO GRANDE DO SUL S.A.

Investor Relations Department
Phone: +55 (51) 3215-3232
E-mail: ir@banrisul-ri.com.br
Web site: www.banrisul.com.br/ir


Contact IR

Phone: +55 51 3215-3232
E-mail: ri@banrisul.com.br

© 2019 - Banrisul.
All rights reserved.