Minute nº 539
1. Date, time and place: the ordinary meeting of the Board of Administration of Banco do Estado do Rio
Grande do Sul S/A (Corporate Tax Payer’s (CNPJ) No. 92.702.067/0001-96 - NIRE No.
43300001083) held on December 11, 2012, at 02:00 pm, at the Head Office Building on Rua Caldas
Junior, 177, 4th floor, Porto Alegre - RS.
2. Verification of attendance: Túlio Luiz Zamin – Vice Chairman; Aldo Pinto da Silva; Dilio Sérgio
Penedo, Erineu Clóvis Xavier; Francisco Carlos Bragança de Souza; Marcelo Tuerlinckx Danéris e
Olivio de Oliveira Dutra – Members ; João Acir Verle – Member of the Audit Committee; Luiz Carlos
Morlin – Director of Risk Management and Control; Werner Kohler – Executive Superintendent of the
Accounting Unit; José Luis Campani Lourenzi – Executive Superintendent of the Unit of Enterprise
Risk Management, e Alexandre Pedro Ponzi – Executive Superintendent Unit Investor Relations,
Capital Markets and Governance.
3. Agenda: In accordance with the Article 204 of Law No. 6.404/76 and the sole paragraph of Article 78
of the Company’s Bylaws, the Board of Directors deliberated and approved of the anticipation of
dividends for the fiscal year of 2012 in the amount of R$40,000,000.00 (forty million Reais).
4. Closing: nothing further to discuss, the meeting was closed; these minutes were prepared, read,
approved and signed by the members present. Secretary to the meeting Mr. Irani Jorge da Silva,
Secretary-General of Banco do Estado do Rio Grande do Sul S.A.
CERTIFICATE
I hereby certify that this document is a true copy of the Minute No. 539 of December 11,2012, drawn in
the Book of Minutes of the Meeting of the Board of Banco do Estado do Rio Grande do Sul SA, signed
by the Board Members: Túlio Luiz Zamin - Vice Chairman; Aldo Pinto da Silva; Dilio Sérgio Penedo;
Erineu Clóvis Xavier; Francisco Carlos Bragança de Souza; Marcelo Tuerlinckx Danéris, e Olivio de
Oliveira Dutra – Board Members.
Porto Alegre, December 17, 2012.
Túlio Luiz Zamin
Vice Chairman