MATERIAL FACT

In line with best corporate governance practices, BHG S.A. - Brazil Hospitality Group ("BHG" or "Company"), hereby informs its shareholders and the market in general that the Level I ADR Program, approved by the Company on November 24, 2011, has been ratified by CVM (Securities and Exchange Commission of Brazil) and the SEC - Securities and Exchange Commission (U.S. capital market regulator).

The depositary institution for the Level I ADR Program will be The Bank of New York Mellon and the custodian bank will be Banco Itaú S.A. Each ADR will correspond to one (1) Company common share.

Regarded as a tool for maximizing the entry of new institutional or individual investors, who currently do not have direct access to the BM&FBovespa, and increase the Company's share visibility, the Level I ADR Program will allow the shares to be traded on the New York OTC market.

Foreign investors will be able to trade the Company's ADR, which will be listed under the ticker BZHGY, as of January 30, 2012.

Rio de Janeiro, January 27, 2012.

Ricardo Levy
Chief Financial and Investor Relations Officer
BHG S.A. - BRAZIL HOSPITALITY GROUP

distribué par

Ce noodl a été diffusé par BHG SA – Brazil Hospitality Group et initialement mise en ligne sur le site http://www.bhg.net.br. La version originale est disponible ici.

Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-27 14:56:10 PM et restera accessible depuis ce lien permanent.

Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité.