OREANDA-NEWS. July 7, 2011. Banco Industrial e Comercial S.A (BICBANCO) (BM&FBOVESPA): BICB3 and BICB4) announces that, pursuant to the terms set out in Law n° 6.404/76 and Instructions CVM n° 10/80 a nd CVM n° 358/02 with its subsequent changes, the Company's Board of Directors, in a meeting held today, approved the 4th buy-back program of its shares, according to the following conditions:

a) Purpose:

Acquisition of nominal preferred shares issued by BICBANCO to be held in treasury and/or cancelled at a later date without any reduction of its capital stock. BICBANCO Management believes that this buy-back program will be expedient and serves the Company best interest, given the investment of available financial resources which aims to maximize the value to shareholders, should there be an eventual cancellation of the relevant shares.

b) Number of shares to be acquired and period to acquire these shares:

The buy-back will involve the acquisition of up to 6,879,540 (six million, eight hundred seventy-nine thousand, five hundred and forty) nominal preferred shares, corresponding to 10% of the outstanding preferred shares.

c) Maximu m term for undertaking the approved transactions:

Until July 5, 2012, with total term corresponding to 365 (three hundred sixty five) days. The shares will be acq uired during BOVESPA's trading sessions at market prices.

d) Number of nominative preferred shares readily available in the market:

From the total number of shares issued by BICBANCO, 68,795,403 (sixty-eight million, seven hundred n inety-five thousand, four hundred and three) nominal preferred shares are freely available to the investing public.

e) Intermediary Institution:

Itau Corretoria de Cambio e Valores Mobiliarios S.A, located at Avenida Brigadeiro Faria Lima, n° 3.400 - 10th floor, Itaim - Bibi, Sao Paulo, SP, registered with the Corporate Taxpayer Register (CNPJ) under No 61.194.353/0001-64.