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BOVESPA HOLDING S.A.
BOLSA DE MERCADORIAS & FUTUROS-BM&F S.A.
NIRE No. 35.300.339.576
NIRE No. 35.300.343.565
CNPJ No.08.695.953/0001/23
CNPJ No. 08.936.812/0001-55
MATERIAL FACT

BOVESPA HOLDING S.A. (BOVH3) and BOLSA DE MERCADORIAS & FUTUROS-BM&F
S.A.
(BMEF3), subject to the provisions of paragraph 4 of article 157 of Law No. 6404/1976 and of
CVM Instruction 358/2002, hereby inform that:

(i) They have entered into discussions on an exclusive basis with the purpose of integrating their
activities. This exclusivity shall be in effect through the coming sixty (60)-day period, during which
none of the parties shall initiate any transactions with any third parties;

(ii) There is no guarantee that any agreement shall be reached from these discussions. Furthermore,
neither the configuration of any joint initiative, nor the economic and financial bases of the mentioned
integration have yet been defined; and

(iii) Given the preliminary stage of the discussions, the two companies have decided not to give any
further information on this issue before the end of the sixty (60)-day period counting from the date of
this notice, except for the occurrence of any facts or resolutions that could constitute a material fact.

So Paulo, February 19, 2008.

Gilberto Mifano
Edemir Pinto
Bovespa Holding S.A. Chief Executive Officer
and Investor Relations Officer
BM&F S.A. Chief Executive Officer
Joo Lauro Pires Vieira do Amaral
BM&F SA Investor Relations Officer