ITAU UNIBANCO HOLDING S.A. Announced Today That its Shareholder, Bank of
America Corporation, is Offering to Sell up to 188,424,758 Preferred Shares
of Itau Unibanco in the Form of American Depositary Shares


<p><span class="xn-location">SAO PAULO</span>, <span class="xn-chron">May 18</span> /CNW/ -- ITAU UNIBANCO HOLDING S.A. ("ITAU UNIBANCO") (NYSE:   ITUB) announced today that its shareholder, Bank of America Corporation, is offering to sell up to 188,424,758 preferred shares of Itau Unibanco in the form of American Depositary Shares (the "ADSs"), in an offering exempt from registration under the <span class="xn-location">United States</span> Securities Act of 1933, as amended (the "Securities Act").  This offering will consist of a secondary offering (i) in the <span class="xn-location">United States</span> to qualified institutional buyers, as defined in Rule 144A under the Securities Act, in transactions exempt from registration under the Securities Act, and (ii) outside the <span class="xn-location">United States</span> and <span class="xn-location">Brazil</span> to non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.  This offering will not be registered with the Comissao de Valores Mobiliarios, in <span class="xn-location">Brazil</span>. The ADSs will be subject to restrictions on resale.</p>
<p>The offered securities have not been and will not initially be registered under the Securities Act and may not be offered or sold (a) in the <span class="xn-location">United States</span> absent registration or an applicable exemption from registration under the Securities Act, or (b) in <span class="xn-location">Brazil</span> and in any other jurisdiction in which such offer or sale is prohibited.  This press release shall not constitute an offer to sell nor the solicitation of an offer to buy the ADSs.</p>
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    Contact information :
    Investor Relations
    55 11 5019 1267


For further information: For further information: Investor Relations, ITAU UNIBANCO HOLDING S.A., +011-55-11-5019-1267 Web Site:

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