Itausa Announces American Depositary Share Material Fact

SAO PAULO, May 26 /PRNewswire-FirstCall/ -- Itausa - Investimentos Itau S.A. ("Itausa") (BM&FBOVESPA: ITSA3.SA; ITSA4.SA), in connection with the Material Fact issued on May 18, 2010, announces that the price per American Depositary Share - ADS to be sold by Bank of America Corporation ("BAC") in the secondary offer mentioned therein has been established on the date hereof. As a result thereof and subject to the sale and purchase agreement executed between Itausa and BAC on May 18, 2010, Itausa will pay to BAC US$ 903,620,784 in connection with the acquisition of 56,476,299 common shares issued by Itau Unibanco Holding S.A. ("Itau Unibanco").

As a result of the acquisition of such 56,476,299 common shares, the total direct and indirect stake held by Itausa in the total capital stock of Itau Unibanco will increase from 35.43% to 36.68%.

This transaction is consistent with the use of Itausa's resources on businesses that create value to its stockholders and confirm the company's reliance in the future of Brazil.

SOURCE Itausa