Banco Mercantil do Brasil S.A. Announces the Final Results of its Tender Offer for certain of its 9.625% Subordinated Notes due 2020

SAO PAULO, Nov. 8, 2018 /PRNewswire/ --

BANCO MERCANTIL DO BRASIL S.A.
(a corporation, or sociedade por ações, incorporated in the Federative Republic of Brazil, and acting through its principal office in Brazil)

Announces Final Results of its
Offer to Purchase for Cash
Up to U.S.$50,000,000 of Banco Mercantil do Brasil S.A.'s Outstanding 9.625% Subordinated Notes due 2020
(CUSIP: 05961G AA8 and P1400A AA2; ISIN: US05961GAA85 and USP1400AAA27)

Banco Mercantil do Brasil S.A. (the "Bank") hereby announces the final results of its offer to purchase for cash up to U.S.$50,000,000 (the "Tender Cap") of its outstanding 9.625% Subordinated Notes due 2020 (CUSIP: 05961G AA8 and P1400A AA2; ISIN: US05961GAA85 and USP1400AAA27) (the "Notes"), from holders thereof (each, a "Holder" and collectively, the "Holders"), at the price set forth below, upon the terms and subject to the conditions set forth in the Offer to Purchase dated October 11, 2018 (as amended or supplemented from time to time, the "Offer to Purchase"), which constitutes the Offer (the "Offer"), announced to the market on October 11, 2018.

On October 24, 2018, at 5:00 p.m. EST (the "Early Tender Deadline"), the Bank had received valid tenders from Holders of U.S.$18,043,000 in principal amount of Notes. The Bank will accept for purchase on the Final Settlement Date (as defined below) all Notes validly tendered (and not validly withdrawn or rejected) prior to the Early Tender Deadline (the "Early Accepted Notes").

On October 25, 2018, the Bank announced that it had decided to postpone the settlement of Early Accepted Notes until the Final Settlement Date, and also to amend the payment terms of the Offer so that Holders who validly tender their Notes after the Early Tender Deadline but on or prior to the Expiration Deadline (as defined below) would be eligible to receive, on the Final Settlement Date, U.S.$975.00 per U.S.$1,000 principal amount of Notes tendered and accepted for purchase (the "Total Consideration"), plus accrued and unpaid interest from, and including, the last interest payment date to, but not including, the Final Settlement Date.

The Bank hereby announces that on November 7, 2018, at 11:59 p.m. EST (the "Expiration Deadline"), it had received valid tenders from Holders of U.S.$20,843,000 in aggregate principal amount of Notes (including the Early Accepted Notes). The Bank will accept for purchase on November 9, 2018 (the "Final Settlement Date") all Notes validly tendered (and not validly withdrawn or rejected) prior to the Expiration Deadline (including the Early Accepted Notes, the "Accepted Notes"). After cancelation of the Accepted Notes, the aggregate principal amount of Notes outstanding will be U.S.$134,540,000.

D. F. King & Co., Inc. acted as the tender agent (in such capacity, the "Tender Agent") and as the information agent (in such capacity, the "Information Agent") for the Offer. Goldman Sachs & Co. LLC acted as Dealer Manager for the Offer (the "Dealer Manager").

Neither this announcement nor the Offer to Purchase constitute an offer to sell any securities or the solicitation of an offer to buy any securities (other than the Notes).  Any offering of securities will only be made by an offering document and any such offering may not be registered with the U.S. Securities and Exchange Commission.

SOURCE Banco Mercantil do Brasil S.A.