Notice to the Market

Brasil Brokers Participações S.A. (“Company”) pursuant to Article 12 of CVM Instruction 358, as amended by CVM Instruction 449/07, hereby announces that through the correspondence sent on April 24, 2012, the Government of Singapore Investment Corporation Pte Ltd., headquartered at 168 Robinson Road #37-01 Capital Tower Singapore 068912, declared that the shares held by the Company’s shareholders inscribed in the roll of corporate taxpayers (CNPJ) under nos. 08.765.815/0001-73 and 05.840.118/0001-41, reached five per cent (5%) of the Company’s total shares on April 23, 2012 and now hold ten million, five hundred and seventy-seven thousand, four hundred and fifty-one (10,577,451) common Company shares, representing 5.485% of its total capital stock.

In addition to the shares mentioned above, these shareholders do not hold any subscription warrants, share subscription rights, stock options or share-convertible debentures issued by Brasil Brokers Participações S.A., on the date of this letter.

They further declare that their interest in Brasil Brokers Participações S.A. is solely for the purpose of maintaining a diversified portfolio. Consequently, they do not intend to change the Company’s shareholding or administrative structure, nor are they party to any agreement or contract to regulate voting rights or the purchase and sale of securities issued by Brasil Brokers Participações S.A.

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