Open Letter To BM&FBOVESPA's Shareholders

BM&FBOVESPA S.A. – BOLSA DE VALORES, MERCADORIAS E FUTUROS (“BM&FBOVESPA”), with reference to the Material Facts released on November 3 and 13, and December 4, 2015, and February 19, 2016, and to the Notices to the Market released on November 4 and 25, and December 4, all within 2015, discloses the following public open letter to its shareholders.

BM&FBOVESPA disclosed to the market on February 19, 2016 a Material Fact informing that its Board of Directors had approved, at that same day, the submission of a binding proposal to the Board of Directors of CETIP S.A. – Mercados Organizados (“CETIP”) for the combination of the two companies’ businesses.

This letter aims at explaining in further detail, from the point of view of BM&FBOVESPA’s Management, what are the main benefits that would result from a combination of BM&FBOVESPA and CETIP’ businesses, considering the perspectives of shareholders, clients and regulators.

Click here for full details.