Documents and Announcements

Information to the Market – Answer to CVM 1,849/2015 – SAE information request

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

Subject: Clarification request on news published in press

Dear Sirs,

The article published by the newspaper Valor Econômico in May 11th, 2015, contains, among other information, that:

•    the trend for BB Seguridade’s net income is to achieve the top of the growth forecast range disclosed in the company's guidance for 2015, which is between 12% and 21%;
•    it is possible that after the 2Q15 earnings release, which is one of the major periods for the company’s results, BB Seguridade will review the forecasts increasing the expectations of net income for 2015.

We request clarification on the news content as well as other information deemed important until 05.12.2015 at 9:00 a.m.

In the file to be sent should be transcribed the inquiry above before the company’s answer.

This request falls under the Cooperation Agreement signed by 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 Superintendência de Relações com Empresas - SEP CVM, respected the provisions of 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, May 11th, 2015

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 1,849/2015 – SAE Information Request

Dear Sirs,
In response to the information request above, we clarify that the statements mentioned by the newspaper Valor Econômico were held during the conference call to discuss BB Seguridade's 1Q15 earnings, which was previously disclosed in the company’s corporate annual calendar and transmitted live through the Internet to ensure full and unrestricted access.
The audio playback is available on the Company's web site: www.bancodobrasilseguridade.com.br> Financial Information> Presentations to the Market>Conference Calls 2015.
During the conference call, the Company was asked by an analyst on the expected net income growth for the coming quarters and what would be the chances of achieving the top of the forecast range disclosed in February 10th , 2015, given that the 1Q15 earnings growth was above the expectations.
Mr. Werner Suffert, CFO, said that the higher than expected net income growth in 1Q15 was due to a net investment income from BB Seguridade, its subsidiaries and affiliates growing at a faster pace than expected, which in the current macroeconomic scenario tends to lead to the same strong figure along 2015.

He also clarified that, based on the dynamics of results observed in previous years, it is expected that the 2Q15 and 4Q15 will post higher sales volumes due to the biannual sales monitoring process, which should reflects into higher net incomes than the one registered in 1Q15.

Therefore, assuming that the operating and financial results to behave as expected over the coming months, the Company would finish 2015 posting a net income close to R$3.9 billion, matching the top of the forecast range, which represents an increase of 21% YoY.
At last, it was said that the management will follow the performance of 2Q15 to then decide on proceeding a review of the 2015 Guidance.
We are at your disposal for any further clarification

Best Regards,

Werner Romera Süffert,
CFO