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Provisional Measure No. 443 Of 21 October 2008

Original Language Title: Medida Provisória nº 443, de 21 de Outubro de 2008

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PROVISIONAL MEASURE NO. 443, OF October 21, 2008.

Authorizes the Bank of Brazil S.A. and the Federal Economic Box to constitute subsidiaries and to acquire participation in financial institutions based in Brazil, and gives other arrangements.

THE PRESIDENT OF THE REPUBLIC, in the use of the assignment that confers it on art. 62 of the Constitution, adopts the following Provisional Measure, with force of law:

Art. 1o The Bank of Brazil S.A. and the Federal Economic Box are allowed to constitute wholly-owned or controlled subsidiaries, with views to fulfilling activities of their social object.

Art. 2o The Bank of Brazil S.A. and the Federal Economic Box, directly or through its subsidiaries, they will be able to acquire participation in financial institutions, public or private, based in Brazil, including companies from the security-related branches, previdionary, capitalization and too many branches described in the arts. 17 and 18 of the Law no 4,595, of December 31, 1964, in addition to the branches of activities complementary to those of the financial sector, with or without the control of the social capital, observed the provisions of the art. 10, inciso X, of that Act.

§ 1o For the intended acquisition in the caput, the Banco do Brasil S.A. and the Box Federal Economic will be able to hire specialized evaluative companies, upon simplified pricing consultation procedure, in the form of the regulation, always observed price compatibility with the market.

§ 2o In the hypothesis predicted in the caput, percent of the price to be disbursed in the acquisition operation of society-wide shareholding could be trimmed to deposit in open account with the procuring financial institution, to cope with any unidentified contingent liabilities, by staying the Banco do Brasil S.A. or the Federal Economic Box, as the case may be, authorized to debit the said account whenever it identified some liability of that order, pursuant to the terms set out in the procurement contract.

Art. 3o The realization of the legal business mentioned in the arts. 1o and 2o may occur through society-wide incorporation, incorporation of shares, acquisition, and disposal of controlling shares, as well as any other form of acquisition of shares or society-wide shareholdings provided for in law.

Art. 4o Stay authorized the creation of the company CAIXA-Bank of Investments S.A., company by shares, wholly owned subsidiary of the Federal Economic Box, with the aim of exploring investment banking activities, holdings and too much operations provided for in the applicable legislation.

Art. 5o It gets dispensed from tender procedure the sale to the Bank of Brazil S.A. and Federal Economic Box of shareholding in public financial institutions.

Art. 6o Stay the Central Bank of Brazil authorized to carry out operations of swap of currencies with central banks of other countries, on the limits and conditions set by the National Monetary Council.

Art. 7o This Interim Meast takes effect on the date of its publication.

Brasilia, October 21, 2008; 187the of Independence and 120o of the Republic.

LUIZ INÁCIO LULA DA SILVA

Guido Mantega

Paulo Bernardo Silva

Henrique de Campos Meirelles