Acquisition of BSI SA ( "BSI") by EFG International ( "EFG")

BANCO BTG Pactual SA ( "BTG Pactual"), continuing the relevant fact released on February 22, 2016, informs its shareholders and the market in general that was approved today by the Swiss Financial Market Supervision Authority ( "FINMA" ) and the Monetary Authority of Singaporte ( "MAS") the acquisition of BSI SA ( "BSI") by EFG International ( "EFG"). The next step will be to obtain regulatory approvals in other relevant jurisdictions. BTG Pactual expects the transaction to close up to the fourth quarter of this year. The FINMA and MAS also reported the results of investigations into bank accounts held in the BSI in Singapore associated with 1MDB, sovereign fund in Malaysia, the period between 2011 and April 2015. As a result of control and compliance failures, the FINMA BSI imposed on the reversal of the profits from such defaulting transactions in the amount of CHF 95 million.