background image
BM&FBOVESPA S.A. ­ Bolsa de Valores, Mercadorias e Futuros
The Brazilian Securities, Commodities and Futures Exchange
Brazilian Federal Taxpayer CNPJ No. 09.346.601/0001-25
State Registration Number NIRE No. 35.300.351.452
NOTICE OF MATERIAL FACT
2011 operating expense and investments budgets downshift

BM&FBOVESPA S.A. ­ Bolsa de Valores, Mercadorias e Futuros (Company)
announces the review of the adjusted operating expense (OPEX) and investments
(CAPEX) for 2011, as follows:
(i)
The adjusted operating expense budget is revised down in 2011 to an interval
between R$580 million and R$590 million, in comparison with the previous
interval between R$615 million and R$635 million; and
(ii)
The estimated 2011 CAPEX budget is revised from a previously announced
interval of R$235 million and R$255 million to an interval between R$180 million
and R$210 million.



São Paulo, November 8, 2011
Eduardo Refinetti Guardia
Chief Financial, Corporate Affairs and Investor Relations Officer