BANCO PANAMERICANO S.A.

Publicly-held Company
Corporate Taxpayer's ID (CNPJ/MF): 59.285.411/0001-13
Company Registry (NIRE): 35.300.012.879
Av. Paulista, 2240 - São Paulo, SP

MATERIAL FACT

Banco Panamericano S.A. (BPNM4) ("Company"), pursuant to CVM Instruction
358/02 and as a continuation to the Material Fact dated December 28, 2011, hereby informs its shareholders and the market that, on this date, the Company's Shareholders' Meeting approved the proposal to increase the Company's mandatory dividends from the current 25% to 30% of the Company's adjusted net income as of the Annual Shareholders' Meeting that resolves on the accounts for the 2012 fiscal year. Said mandatory dividends will be increased to 35% of the Company's adjusted net income as of the Annual Shareholders' Meeting that resolves on the accounts of the 2013 fiscal year (inclusive).
São Paulo, January 18, 2012.
Willy Otto Jordan Neto
Investor Relations Officer

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Documents associés
Material Fact - Increase of Mandatory Dividends