Shares, dividends and interest on capital

Historical series

Since July 1980, Itaú Unibanco has been remunerating its stockholders by making monthly and additional payments, the latter historically taking place twice a year and distributed equally to common and preferred stockholders.

Monthly Dividends

The amount of R$ 0.015 per share is paid based on the stockholding position on the last trading session of the month prior to the month of accrual on B3 (former BM&FBovespa), and the payment is made on the first business day of the month subsequent to the month of accrual. The monthly payment is made as an advance of the distribution that is to be made following the determination of the annual Balance Sheet.

Additional Payments

Additional payments may be made either as dividends or interest on capital. As a general rule, semiannual payments are made after the determination of the balance sheets as at June 30 and December 31, respectively, by resolution of the Board of Directors. The Board of Directors determines the base date for the stockholding position and payment date.

The procedure for the payment of dividends and interest on capital by Itaú Unibanco provides for the distribution of at least 25% of the annual recurring net income, and the total amount to be distributed every year will be determined by the Board of Directors, considering, among other things:

• The Company’s capitalization level, according to rules defined by BACEN;
• The minimum level established by the Board of Directors of 13.5% for tier 1 capital;
• Profitability for the year;
• The prospects of capital use based on the expected business growth, share buyback programs, mergers and acquisitions, and market and regulatory changes that may change capital requirement; and
• Changes in tax legislation.

Therefore, the percentage to be distributed may vary year-on-year based on the Company’s profitability and capital requirements, always taking into consideration the minimum amount provided for in its Bylaws. For further details, please visit Material Fact – Solvency Ratio and Payment of Dividends:

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The payments of the amounts due will be made in accordance with the custody of the shares described below:

Stockholders with current accounts registered at Itaú Unibanco: the payment will be made by means of direct credit to the respective current accounts;

Stockholders with current accounts in other banks that have already indicated the bank/branch/current account: the payment will be made via electronic funds transfer (DOC or TED), according to the respective amounts;

Stockholders whose shares are deposited in fiduciary custody accounts of the São Paulo Securities, Commodities and Futures Exchange (B3 (former BM&FBovespa)): the payment will be made directly to the Central Depositary of B3 (former BM&FBovespa), which will transfer the respective amounts to stockholders by means of the depositing Brokerage Companies; and

Stockholders that do not meet the conditions above: should contact our Stockholder Service Department – (+55 11) 3003-9285, from Monday through Friday, from 9 a.m. to 6 p.m.

American Depositary Receipt (ADR) holders: the payment will be made through B3 to the custodian bank and then transferred to the overseas depositary bank – The Bank of New York Mellon – which will transfer the amounts to stockholders within an average term of 10 days from date of the payment in Brazil;

The Dividend Reinvestment Program was created in 2004 as an additional benefit to Itaú Unibanco’s stockholders, allowing the automatic investment of dividends in the purchase of the Company’s preferred or common shares. Any stockholder may participate in the Dividend Reinvestment Program as an Itaú Unibanco S.A. current account holder, whether they are an individual or a legal entity.

You may sign up through Itaú Bankline (http://www.itau.com.br/) on: “Investments > Shares > Dividend Reinvestment Program > Join the Program”.

Further information on the Program is available in the Document Dividend Reinvestment Program – “PRD” on
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The payments of dividends and distributions in cash, on our preferred shares that back the ADRs, are made directly to the depositary bank abroad, which is responsible for transferring them to the stockholders within an average period of ten (10) days after the payment is made in Brazil.

You can consult the history of dividend payments in the section “Dividends and distributions”, using the link below:

http://www.adrbnymellon.com/dr_profile.jsp?cusip=465562106

Our depository bank is Bank of New York Mellon (bny mellon). For further information on our ADR program, please visit the page on the bny mellon website.

We present below the main register file information on our ADR programs:

DR Symbol (ticker) on NYSE: ITUB

CUSIP: 465562106

DR ISIN: US4655621062

ADR Ratio: 1:1. Each ADR represents one preferred share

It is worth mentioning that Itaú Unibanco ADRs are backed by preferred shares (ITUB4) registered in Brazil.

Please access the contract of Itaú Unibanco with the depositary (deposit agreement) by clicking here.

ADR is the share receipt that enables investors to trade shares of non-U.S. companies in the United States and allows companies outside the United States to trade their securities in the United States. For example: Itaú Unibanco common and preferred shares are traded on B3, the Brazilian stock exchange. However, they are also traded on the U.S. market by means of the Level II ADR program.

We present below the main register file information on our ADR programs:

DR Symbol (ticker) on NYSE: ITUB

CUSIP: 465562106

DR ISIN: US4655621062

Each (1) ADR represents one preferred share.

It is worth mentioning that Itaú Unibanco ADRs are backed by preferred shares (ITUB4) registered in Brazil.

In 1997, Unibanco was the first Brazilian bank to have its shares traded on the New York Stock Exchange (NYSE). Itaú launched its ADR program on NYSE on February 21, 2002. In 2018, we will have been listed in the U.S. for 21 years. To celebrate this date, Itaú Unibanco was an honored guest at the closing bell ceremony.

For further information about this event, please access the link below:

http://apimec.mediagroup.com.br/itau-nyse-21-anos/

To issue ADRs on U.S. stock exchanges, companies need a depositary bank, which is responsible for the issuance, cancellation and transfer of shares. The depositary bank is also responsible for maintaining the ownership records and paying dividends to ADR holders.

Our depositary bank is The Bank of New York Mellon (BNY Mellon). For further information on our ADR program, please visit the page on the BNY Mellon website using the link below:

http://www.adrbnymellon.com/dr_profile.jsp?cusip=465562106

If the ADRs are held by a securities brokerage, an investment adviser or a custody agent, the information is made available by them. Otherwise, please contact the depositary bank:

Phone 1 888 BNY ADRS (1 888 269 2377) (calls from the U.S.) or +1201 680 6825 (calls from outside the U.S.)

Email shrrelation@cpushareownerservices.com

Website www.bnymellon.com/shareowner

Yes. However, to purchase and sell ADRs, investors must have an account overseas. Brazilian citizens who wish to open an account overseas must comply with the Brazilian taxation rules as well as remit money abroad.

The acquisitions of the shares are aimed at: (i) maximizing the allocation of capital through the efficient use of available funds; (ii) providing for the delivery of shares to the employees and management members of the Company and its subsidiaries within the scope of the compensation models and the long-term incentive plans; (iii) using the acquired shares should business opportunities arise in the future; or (iv) to possibly cancel them, increasing the individual ownership of each stockholder.