1

1

4Q14 Earnings

Release

2 Banco do Brasil S.A. – Fourth Quarter 2014 Earnings 2

Disclaimer

This presentation may include references and statements, planned synergies,

estimates, projections of results, and future strategy for Banco do Brasil, its

Associated and Affiliated Companies, and Subsidiaries. Although these references

and statements reflect the management’s belief, they also involve estimates and

unforeseen risks. Consequently, results may differ from those anticipated and

discussed here. These expectations are highly dependent on market conditions, on

Brazil’s economic and banking system performances, as well as on international

market conditions. Banco do Brasil is not responsible for updating any estimate in

this presentation.

3 Banco do Brasil S.A. – Fourth Quarter 2014 Earnings 3

NPL 90 Ratio (2.03%) remains below the Banking Industry (2.90%)

Adjusted Net Income reached R$ 3.0 billion in 4Q14

NII grew by 8.8% compared to 2013

Administrative Expenses grew by 7.1% in 2014

Highlights

4 Banco do Brasil S.A. – Fourth Quarter 2014 Earnings 4

Earnings Highlights

R$ million

(1) It includes Other Operating Revenues net of Other Operating Expenses, Equity Earnings of Subsidiaries and Affiliates and Insurance, Pension Plans and Premium Bonds.

On 4Q13 On 3Q14 On 2013

Operating Revenues 18,116 18,944 20,416 68,714 76,285 12.7 7.8 11.0

Net Interest Income 11,843 12,530 13,385 46,052 50,098 13.0 6.8 8.8

Fee Income 6,177 6,363 6,797 23,301 25,070 10.0 6.8 7.6

Previ 112 228 228 598 1,348 103.6 0.0 125.3

Other Items¹ (16) (177) 5 (1,237) (230) - - (81.4)

Operating Expenses (14,048) (14,473) (15,595) (52,170) (57,903) 11.0 7.7 11.0

Administrative Expenses (8,399) (8,048) (8,694) (30,149) (32,290) 3.5 8.0 7.1

Allowance for Loan Losses (4,183) (4,571) (5,203) (15,584) (18,531) 24.4 13.8 18.9

Tax Expenses (1,273) (1,326) (1,416) (4,830) (5,305) 11.3 6.9 9.8

Legal Risk (193) (529) (281) (1,607) (1,777) 45.1 (47.0) 10.6

Non Operating Result 37 40 27 167 201 (25.6) (31.2) 19.8

Income Taxes, Statutory Profit Sharing and (1,681) (1,626) (1,829) (6,359) (7,240) 8.8 12.5 13.9

Adjusted Net Income 2,424 2,885 3,020 10,353 11,343 24.6 4.7 9.6

Adjusted ROE (%) 14.2 16.1 16.6 15.0 15.1 - - -

Net Income 3,025 2,780 2,959 15,758 11,246 (2.2) 6.4 (28.6)

ROE (%) 18.0 15.5 16.2 22.9 15.0 - - -

Chg. % 4Q13 3Q14 4Q14 2013 2014

5 Banco do Brasil S.A. – Fourth Quarter 2014 Earnings 5

Dec/13 Sep/14 Dec/14 Chg. %

R$ billion Balance Share % Balance Share % Balance Share % On Dec/13 On Sep/14

Sources 740.6 100.0 788.1 100.0 823.2 100.0 11.1 4.4

Commercial Funding 607.2 82.0 623.5 79.1 634.6 77.1 4.5 1.8

Total Deposits 491.0 66.3 468.8 59.5 468.4 56.9 (4.6) (0.1)

Agrib. LC + Real Estate LC 82.6 11.2 113.5 14.4 118.1 14.3 42.9 4.0

Repos w/ Corporate Bonds¹ 33.6 4.5 41.2 5.2 48.2 5.8 43.5 16.9

Domestic Onlending 87.1 11.8 88.0 11.2 91.1 11.1 4.5 3.4

Foreign Borrowing² 61.1 8.3 65.6 8.3 68.5 8.3 12.1 4.4

Debt Instruments eligible for capital² 8.5 1.1 28.0 3.6 29.6 3.6 248.3 5.6

Subordinated Debt 41.9 5.7 42.4 5.4 42.8 5.2 2.0 0.8

Others Commercial Papers³ 9.5 1.3 9.6 1.2 9.1 1.1 (5.0) (6.1)

Domestic Hybrid Debt Capital Instr. 8.3 1.1 0.1 0.0 - - - -

Financial and Development Funds 7.7 1.0 9.6 1.2 10.8 1.3 41.5 13.3

Compulsory Deposits (90.7) (12.3) (78.7) (10.0) (63.3) (7.7) (30.3) (19.7)

Uses 740.6 100.0 788.1 100.0 823.2 100.0 11.1 4.4

Net Loan Portfolio (a) = (b) + (c) + (d) 645.0 87.1 684.0 86.8 707.1 85.9 9.6 3.4

Loan Portfolio (b) 623.6 84.2 662.7 84.1 687.9 83.6 10.3 3.8

Private Securities (c) 45.0 6.1 47.1 6.0 46.5 5.7 3.3 (1.2)

Allowance for Loan Losses (d) (23.7) (3.2) (25.8) (3.3) (27.3) (3.3) 15.4 6.0

Available Funds 95.6 12.9 104.2 13.2 116.1 14.1 21.4 11.4

Adjusted Net Loan Portfolio (a) - (e) 523.4 70.7 566.3 71.9 584.8 71.0 11.7 3.3

Onlending in the Country (e) 121.6 16.4 117.7 14.9 122.4 14.9 0.6 4.0

Ratio - %

Net Loan Portfolio / Total Deposits 131.4 145.9 151.0

Net Loan Portfolio / Commercial Funding 106.2 109.7 111.4

Adj. Net Loan Portfolio / Comm. Funding 86.2 90.8 92.1

Net Loan Portfolio / Sources 87.1 86.8 85.9

Sources and Uses

(1) It includes part of the balances of the Private Securities (Note 17c). (2) It Includes Foreign Borrowings, Foreign Securities, Foreign Onlendings, Subordinated debt abroad and Hybrid

Capital Instruments Abroad. (3) Apart from Subordinated Debt, from 4Q13 on, according Circular-letter 3,624/2013. (4) From 3Q14 on, includes Capital Eligible Debt reallocated to Core

Capital, as authorized by the Central Bank by Ofício 15006/2014-BCB/DEORF/DIFIN. (5) It includes Letters of Credit and Debentures.

6

Spread by Segment (%)¹ Global Spread (%)¹

6

4Q14

5.1

5.7

7.4

13.5

3Q14

5.0

5.6

7.5

13.7

2Q14

4.8

5.4

7.5

13.8

1Q14

4.7

5.2

7.2

13.2

4Q13

4.6

4.8

7.0

13.2

Agribusiness NIM Companies NIM Loan Operations NIM Individuals NIM

On 4Q13 On 3Q14 On 2013

Net Interest Income 11,843 12,530 13,385 46,052 50,098 13.0 6.8 8.8

Loan Operations Income 18,709 21,461 22,216 70,011 83,113 18.7 3.5 18.7

Funding Expenses (9,442) (11,365) (11,326) (32,518) (43,191) 20.0 (0.3) 32.8

Institutional Funding Expenses¹ (1,694) (1,897) (2,040) (6,058) (7,146) 20.5 7.6 18.0

Treasury Income³ 3,498 3,236 3,336 10,778 12,991 (4.6) 3.1 20.5

Recovery of Write-offs Loans² 719 903 1,065 3,430 3,648 48.1 17.9 6.4

Other 52 192 134 410 683 157.2 (30.0) 66.6

4Q13 R$ million

Chg. % 2013 20144Q143Q14

4Q14

2.6

4.3

3Q14

2.6

4.2

2Q14

2.6

4.1

1Q14

2.6

4.1

4Q13

2.8

4.3

Risk Adjusted NIM NIM

Banco do Brasil S.A. – Fourth Quarter 2014 Earnings

(1) Annualized data.

Net Interest Income and Net Interest Margin

(1) Included senior debt, subordinated debt and hybrid capital instrument and abroad (IHCD). (2) Reallocations: (I) in 1Q14, regarding the recovery of operation that was write off on the

same month; (II) in the 2Q14, adjustment of recovery from operations with credit characteristics. (3) Included interest income, profitable compulsory deposits income, tax hedge,

derivatives and other financial instruments that compensate the exchange variation in result.

7 Banco do Brasil S.A. – Fourth Quarter 2014 Earnings 7

Dec/14

760.9

354.1

179.7

164.9

62.1

Sep/14

733.0

342.0

175.4

158.4

57.2

Jun/14

719.0

335.3

173.3

157.2

53.2

Mar/14

699.5

323.5

169.9

150.0

56.2

Dec/13

693.1

322.3

168.2

144.8

57.8

Companies Individuals Agribusiness Offshore

46.5%

23.6%

21.7%

8.2%

46.5%

24.3%

20.9%

8.3%

12.6 12.3 9.8

18.0 19.3

12 months Growth (%)

Loan Portfolio – Broad Concept¹

R$ billion

(1) It includes private securities and guarantees provided.

8 Banco do Brasil S.A. – Fourth Quarter 2014 Earnings

Up to 2011

1Q14

2012

2013

2Q14

3Q14

Dec/14 Sep/14

23.6

17.1

30.8

7.4

12.0

9.1

Jun/14

25.6

18.6

35.6

8.4

11.8

Mar/14

28.7

21.2

41.5

8.6

Dec/13

31.5

23.9

44.6

15.2

21.5

26.3

6.4

10.5

9.4

4Q14 10.8

%

2014

37.1%

Classified Loan Portfolio¹ - by contracted period

(1) Classified Concept. It does not include BV operations.

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On Dec/13 On Sep/14

Payroll 52.3 39.0 56.7 38.9 58.8 38.9 12.4 3.9

Salary Loans 17.7 13.1 17.9 12.3 16.8 11.1 (4.7) (6.0)

Mortgage 18.5 13.7 25.7 17.7 28.5 18.9 54.3 10.8

Auto Loans 11.9 8.8 10.5 7.2 10.6 7.0 (10.8) 0.3

Credit Cards 19.7 14.6 19.9 13.7 22.1 14.7 12.6 11.2

Consumer Finance 5.9 4.4 5.9 4.1 5.8 3.8 (1.0) (1.8)

Overdraft 2.5 1.8 2.7 1.9 2.3 1.5 (6.2) (16.0)

Microcredit 1.0 0.8 1.4 1.0 1.3 0.9 30.0 (3.3)

Other 5.0 3.7 4.9 3.3 4.8 3.2 (4.8) (1.9)

Individuals Loan Portfolio 134.3 100.0 145.6 100.0 151.1 100.0 12.5 3.8

Chg. % Dec/13 Sep/14 Dec/14Share % Share % Share %

Banco do Brasil S.A. – Fourth Quarter 2014 Earnings 9

74.6% 75.9%

R$ billion

Organic Individuals Loan Portfolio¹ ²

(1) Classified Concept.

(2) It does not include BV operations and acquired portfolios.

10 Banco