OREANDA-NEWS. April 29, 2011. Banco Indusval S.A. ("Company"), in addition to the information disclosed in the Material Fact of March 22, 2011 and Notice to Shareholders of March 24, 2011, hereby informs its shareholders and the market that the period for exercising the preemptive rights to subscribe for shares on the capital increase approved by the Board of Directors of the Company on March 23, 2011 ("Capital Increase") ended on April 25, 2011, reported the press-centre of Banco Indusval.     

During the mentioned period, 9,585,090 common shares and 11,947,060 preferred shares were subscribed at an issue price of BRL 9.20 per common and preferred share, amounting to R\\$198,095,780.00. Moreover, in the same period, there was a firm order to subscribe additional 360,559 rights for common shares in case there was the apportionment of the unsubscribed preemptive rights, totaling BRL 3,317,142.80.

Therefore, considering the exercise of preemptive rights and the firm request for subscription of unsubscribed rights, total subscription reached 9,945,649 common shares and 11,947,060 preferred shares, representing a Capital Increase in the amount of BRL 201,412,922.80, which exceeds the minimum amount of interest to the Company and represents 69.64% of the maximum amount of Capital Increase approved.

Considering that the number of shares subject to subscription request was lower than the surplus available, all applications for subscription of unsubscribed preemptive rights will be served and the period for exercise of the reserved rights for unsubscribed preemptive rights will be from April 28, 2011 to May 02, 2011, inclusively. The receipts of shares issued on the exercise of preemptive rights are available for trading from this date.

As the minimum subscription amount was reached, on May 6, 2011 a meeting of the Board of Directors of the Company will be held to approve the partial Capital Increase and the holders of subscription receipts will be entitled to review their investment decision until May 4, 2011, pursuant to OFICIO-CIRCULAR/CVM/SEP/004/2011 and CVM Guidance Opinion # 8 of August 4, 1981.

Those shareholders who wish to review their investment decision pursuant to the paragraph above, and only those shareholders, must express their intention through BM&FBovespa custodian agents and the specialized agencies of Itau, within the above defined time period, and inform them the following data needed for eventual refund of amounts already deposited:

Bank, Branch, Current Account, Name of account holder, CPF/ CNPJ, address and telephone number.

The subscription receipts will be credited and included at the shareholders' position, after the approval of the partial capital increase by the Central Bank of Brazil.