OREANDA-NEWS. Banco Industrial e Comercial S.A. ("BICBANCO") (BM&FBOVESPA: BICB3 and BICB4) hereby informs its shareholders and the market in general that the financial statements related to FY 2012 will show changes in the accounting methodology regarding the pricing of derivative financial instruments, namely interest rate swap contracts. Such instruments, formerly measured in accordance with the contractual rate, shall as of now be measured by the fair value. The announcement regarding the effects deriving from this change complies with the technical opinion of the Accounting Pronouncement Committee (CPC 23), whose adoption has been authorized by the Brazilian Central Bank by means of the Resolution No. 4007 of August 25, 2011.

The FY 2011financial statements will be made available on the same date of disclosure of the FY 2012 financial statements, so as to present the actual comparison between the periods. The simulation analyses carried out by the Bank’s Controller's Department have indicated that there should be a positive impact on the FY 2012’s bottom line, whereas, in contrast, a negative impact on FY 2011’s bottom line.