Documents and Announcements

Information to the Market – Information Request - Answer to CVM - SAE Information Request

February 22nd, 2016
424/2016 – SAE

BB Seguridade Participações S.A.
Mr. Werner Romera Suffert
Investor Relations Officer

Subject: Clarification request on news published in press

Dear Sirs,

An article published by Agência Estado - Broadcast on 02.22.2016, reports, among other information, that in 2016, BB Seguridade believes that it is possible to obtain a return on average equity (ROAE) between 55% to 60%

We have not identified that information in the documents submitted by the company, through Empresas.NET system. In case of contradiction, please provide the document and the pages containing the information and the date and time in which they were sent.

It is noteworthy that the company must disclose periodic and eventual information besides any and all other information of interest to the market, through Empresas.NET system, ensuring its full and immediate disclosure and fair treatment of investors and other market participants.

That said, we request clarification on the item marked, until 9am of 02.23.2016, subject to the provisions of the single paragraph of the Art. 6 of CVM Instruction nr 358/02, with your confirmation or not, as well as other information deemed important.

We emphasize the obligation, willing the single paragraph of Art. 4 of CVM Instruction 358/02, to inquire the management and controlling shareholders of the company, in order to verify whether they have knowledge of information that should be disclosed to the market.

The content of this inquiry must be transcribed above the file to be sent before the company’s answer.

This request falls under the Cooperation Agreement signed by the CVM and BM & FBOVESPA on 12.13.2011, and its non-compliance may subject the company to the possible application of punitive fine by the Brazilian regulator through its Superintendência de Relações com Empresas – SEP, respected the provisions of the CVM Instruction 452/07.

Regards,

Nelson Barroso Ortega
Superintendência de Acompanhamento de Empresas

c.c.: CVM - Comissão de Valores Mobiliários
Mr. Fernando Soares Vieira - Superintendente de Relações com Empresas
Mr. Waldir de Jesus Nobre - Superintendente de Relações com o Mercado e Intermediários
 
São Paulo, February 22nd, 2016

To
BM&FBOVESPA – Bolsa de Valores, Mercadorias e Futuros
Mr. Nelson Barroso Ortega
Superintendente de Acompanhamento de Empresas

c.c.: CVM - Comissão de Valores Mobiliários
Mr. Fernando Soares Vieira - Superintendente de Relações com Empresas
Mr. Waldir de Jesus Nobre - Superintendente de Relações com o Mercado e Intermediários

Subject: Clarifications on 424/2016 – SAE Information Request
Dear Sirs,

In response to the information request in reference to an article published by Agência Estado - Broadcast, on February 22nd, 2016, regarding the Company's representative statement on the expectations of the company’s return on average equity (ROAE) growth for the year 2016, primarily it is worth informing that BB Seguridade’s estimates, that its adjusted net income for that year, should grow in a range between 8% to 12%. This guidance was released on February 22nd, 2016 through a Material Fact filed in the Empresas.NET system before the opening of the market, in accordance with applicable regulation.

Therefore, we clarify that the statements made regarding the expectation on BB Seguridade’s return on average equity (ROAE) for the year 2016, quoted in an article published by Agência Estado - Broadcast represents an estimative of the indicator which is implied in the company’s expectations on net income growth ,which was given as guidance for 2016. Therefore, the range of ROAE quoted in the article does not correspond to a new indicator for monitoring, but only one of the possible readings of the indicator already provided in accordance with the applicable regulation, specifically the Art. 20 of CVM Instruction 480.

We are at your disposal for further information.

Best Regards,

Werner Romera Süffert,
CFO