---

---

---

Cidade de Deus, Osasco, SP, November 5^th, 2009

Securities and Exchange Commission
Office of International Corporate Finance
Division of Corporate Finance
Washington, DC

Dear Sirs,

Ref.: Banco Bradesco S.A. – Special Shareholders’Meeting as of 10.29.2009
        • Merger of the total of shares representing Ibi Participações S.A.’s Capital Stock

     Concerning the publication, on this date, of the Minutes of the Special Shareholders’ Meeting held on October 29^th, 2009 which approved the merger of the total of shares representing Ibi Participações S.A.’s Capital Stock , we confirm, pursuant to Articles 137, 230 and 252 of Law # 6,404/76, that the Bradesco’s shareholders that shall be entitled to the right to dissent are the holders of common shares registered in the Company’s records on October 6^th, 2009, the disclosure date of the Material Fact, including those shareholders that acquired common shares on that date (10.6.2009), which became “ex-right” as of October 7^th, 2009, such that:

• these shareholders may exercise the right to dissent until December 7^th, 2009, this date included, on the Bradesco Branch of their choice;

• those with shares held in custody at BM&FBOVESPA S.A. – Bolsa de Valores, Mercadorias e Futuros (Securities, Commodities and Futures Exchange) shall exercise the right through their Custodian Agents;

• the payment of the refund amount to shareholders who eventually exercise the right to dissent shall be made as of December 17^th, 2009;

• the refund amount is R$12.379416101 per common share.

Cordially,

Banco Bradesco S.A.
Julio de Siqueira Carvalho de Araujo
Executive Vice President

---

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

---