Minute No. 555
1. Date, time and place: the ordinary meeting of the Board of Directors of Banco do Estado do Rio
Grande do Sul SA (Corporate Tax Payer’s (CNPJ) No. 92.702.067/0001-96 - NIRE No.
43300001083) held on February 5, 2014, at 02:00 pm, at the Company’s head office at Rua
Capitão Montanha, 177, 4th floor, Porto Alegre - RS.
2. Verification of attendance : Tulio Luiz Zamin - Vice-Chairman, Aldo Pinto da Silva; Dilio Sérgio
Penedo; Erineu Clóvis Xavier; Flavio Luiz Lammel; Francisco Carlos Bragança de Souza;
Marcelo Tuerlinckx Danéris; e Olivio de Oliveira Dutra - Members, John Emilio Gazzana - Chief
Financial and Investor Relations Officer; Luiz Carlos Morlin - Chief Risk Officer; João Acir Verle Member of the Audit Committee; Werner Kohler - Executive Superintendent of the Accounting
Unit, Denise Eskeff Coelho - Executive Superintendent of the Credit Unit; Luís Carlos Demartini Executive Manager of the Corporate Risk Management Unit; Miriam Siqueira Aguiar Ombudsman, Alexander Peter Ponzi - Executive Superintendent of the Investor Relations,
Capital Markets and Governance Unit.
3. Agenda: 3.1 ) Disconnection of Flávio Luiz Lammel, from the position on the Board of Directors
and Vice President of the Bank of the State of Rio Grande do Sul SA 3.2 ) Election of Mr.
Guilherme Cassel for the post of Member in the Board of Directors and its relocation from the
post of Credit Officer for the Vice President; 3.3 ) Election of Mr. José Vicente Rauber , for the
post of Credit Officer.
4. Deliberations : 4.1) Disconnection of Flávio Luiz Lammel, from the position on the Board of
Directors and Vice President of the Bank of the State of Rio Grande do Sul SA: The Board of
Directors disconnected Mr. Luiz Flávio Lammel from the positions of Board Member and Vice
President of the Bank of the State of Rio Grande do Sul SA , 4.2) Election of Mr. Guilherme
Cassel , for the position of Member in the Board of Directors and its relocation from the post of
Chief to Vice President of the Bank: the Board of Directors elected to the position of Member in
the Board of Directors and relocated from the position of Credit Officer for Vice President of the
Bank, Mr. Guilherme Cassel , Brazilian, married, ID No. 3025451927 - SSP/RS , 1981/06/11,
CPF 303570800-25 , resident and domiciled in Porto Alegre/RS , in Rua Atlântida, 164 , ZIP
Code 91760-150, Ipanema District. The mandate of Mr. Guilherme Cassel, as Member in the
Board of Directors, shall extend until the Ordinary General Meeting of 2014, and Vice President
of the Bank, at the first meeting of the Board after the Ordinary General Meeting of 2016; 4.3)
Election of Mr. José Vicente Rauber for the post of Credit Officer: The Council elected to the post
of Credit Officer, to hold office until the first meeting of the Board after the Ordinary General
Meeting of 2016, Mr. José Vicente Rauber , Brazilian, single, electrical engineer , ID No.
8002883166 - SJS/RS in 1995/11/24, CPF No. 131650460-34, resident and domiciled in Porto
Alegre/RS, at Rua Professor Anthony D' Avila, 181, ZIP Code 91920-730, Tristeza District. Mr.
Luiz Flávio Lammel will be replaced in the position of Member in the Board of Directors and Vice
President of the Institution, when the tenure of the new elected members. On the occasion, the
Chairman informed the elected of the requirements set by the Central Bank of Brazil and that
their possessions will be conditional on the ratification thereof by that supervisory organ.
5. Conclusion: Nothing further to discuss, the meeting was closed, this minute was registered,
read, approved and signed by the members present. Served as secretary to the meeting the
meeting Mr. Jorge Irani da Silva – General-Secretary of the State Bank of Rio Grande do Sul SA
CERTIFICATE
I certify that this record is a true copy of which appears in the Minute No. 555, dated 2014.02.05 entered in the book of Minutes
of Board of Directors of Banco do Estado do Rio Grande do Sul SA, signed by Mrs.: Tulio Luiz Zamin - Vice Chairman; Aldo
Pinto da Silva; Dilio Sérgio Penedo; Erineu Clóvis Xavier; Flavio Luiz Lammel: Francisco Carlos Bragança de Souza; Marcelo
Tuerlinck Danéris e Olívio de Oliveira Dutra – Members of the Board of Directors.
Porto Alegre, February 5, 2014.
Tulio Luiz Zamin
President