A PINE
BANCO PINE S.A.
Corporate Taxpayer ID (CNP) / MF) 62.144. 175/ 0001-20
Publicly Held Company
Company Registry (NIRE) 35.300.525.515
MATERIAL FACT
SHARE BUYBACK PROGRAM
Sáo Paulo, December 6, 2012 – PINE (BMSFBOVESPA: PINE4), a wholesale bank specializing in maintaining
long-term relationships with large companies and investors, hereby announces that ¡ts Board of Directors
approved today a new preferred share buyback program.
The resolution was unanimously approved and authorized the Bank to acquire ¡its own shares, without any
reduction in its capital, pursuant to the provisions of Paragraphs 1 and 2 of Article 30 of Federal Law 6,404/ 76
and CVM Instructions 10, 268 and 390.
The program authorizes the buyback of up to 1,219,659 preferred shares issued by PINE:
() to hold in treasury and subsequently replace in the Market, with the main purpose of maximizing
value for shareholders; and
(ii) to secure the payment of the variable compensation of the Executive Officers of PINE, pursuant to
CMN Resolution No. 3, 921/2010.
In addition, and still regarding the same matter, the Board of Directors of PINE further decided:
mM that the program will be in force for until December 5, 2013, drawing on the balance of the capital
reserves of PINE;
mM that the acquisitions will be intermediated by XP Investimentos CCTVM S.A., registered in the roll of
corporate taxpayers (CNPJ/ MF) under number 02.332.886/0001-04, with registered office at Av. das
Américas n* 3434, Bloco 7, 2% andar, salas 201 a 208, parte, Barra da Tijuca, in the City and State of
Rio de J aneiro.
On November 26, 2012, the total free float stood at 28,278,724 preferred shares.
Harumi Susana UVeta Waldeck
Investor Relations Officer
BANCO PINE S.A.
For more information, please contact PINE’s Investor Relations Department:
Av. das Nacóes Unidas 8.501 – 30% andar – Sáo Paulo
Phone: (55 11) 3372-5343
Fax: (55 11) 3372-5923
E-mail: irepine.com
This is a free translation of the original in Portuguese. The original Portuguese text of this document is the only official version. In
the event of any discrepancy or contradiction between the Portuguese and translated version, the Portuguese version shall prevail
Investor Relations
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