Avenida das Américas, 500, bl. 19, sl. 303/304

22640-904 | Rio de Janeiro | RJ | Brasil

tel 55 (21) 3433 3000 | fax 55 (21) 3433 3065

www.brasilbrokers.com.br

BRASIL BROKERS PARTICIPAÇÕES S.A. CORPORATE TAXPAYER'S ID (CNPJ/MF): 08.613.550/0001-98 COMPANY REGISTRY (NIRE): 33.3.0028096-1 NOTICE TO THE MARKET Brasil Brokers Participações S.A. ("Company"), a publicly-held company, with common shares traded on the Novo Mercado listing segment of the BM&FBOVESPA under the ticker BBRK3, in accordance with Article 12, paragraph 6 of CVM Instruction 358/02, and future amendments, hereby informs its shareholders and the market in general that it received today a correspondence sent by Squadra Investimentos - Gestão de Recursos Ltda., inscribed in the corporate roll of taxpayers (CNPJ/MF) under number 09.267.871/0001-40 ("Squadra Investimentos") and Squadra Investments - Gestão de Recursos Ltda., inscribed in the corporate roll of taxpayers (CNPJ/MF) under number 09.278.157/0001-58 ("Squadra Investments"), informing that the investment funds managed by Squadra Investimentos and non-resident investors managed by Squadra Investments, now hold eleven million, twenty- three thousand and six hundred (11.023.600) common shares issued by the Company, representing approximately five point seven two percent (5.72%) of all the common shares issued.

Squadra Investimentos and Squadra Investments declared that the acquisitions made do not
intend to change the Company's control or administrative structure.
The original communication is filed at the Company's headquarters.
Rio de Janeiro, January 10, 2014.

BRASIL BROKERS PARTICIPAÇÕES S.A. Silvio Roberto Vieira Almeida Investor Relations Officer
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