Investor Presentaiton

Brokerage BROKERAGE REVENUES (R$ MM) QoQ: - 4% YoY: + 26% 506 488 447 425 388 3Q13 4Q13 1Q14 1Q13 2Q13 ADJUSTED NET INCOME (R$ MM) QoQ: - 5% YOY: +32% REVENUES BREAKDOWN Brasilcap 11.8% Brasilprev 19.7% SH2 18.1% 1Q13 Other 1.3% SH1 49.1% Brasilprev 13.5% BANCO DO BRASIL Seguridade 1Q14 Other 0.3% Brasilcap 13.8% SH1 55.7% SH2 16.6% EXPENSES BREAKDOWN & NET MARGIN (%) 51.8% 53.2% 49.9% 51.2% 52.6% 270 256 232 52.5 51.2 51.7 50.8 50.9 218 194 1Q13 2Q13 3Q13 BB Seguridade Participações S.A. | Investor Relations 25.8 26.8 26.5 27.6 27.1 6.5 7.4 7.1 7.4 7.3 20.2 17.0 18.1 15.9 16.5 1Q13 2013 3Q13 4Q13 1Q14 4Q13 1Q14 Operating expenses Tax expenses Income taxes Net Margin 38

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