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BM&FBOVESPA S.A. - BOLSA DE VALORES, MERCADORIAS E FUTUROS
Brazilian Federal Taxpayer CNPJ No.09.346.601/0001-25
Corporate Registry (NIRE) No. 35.300.351.452

NOTICE TO THE MARKET

Changes in cash equities market fee structure
BM&FBOVESPA S.A. ­ Bolsa de Valores, Mercadorias e Futuros ("Company")
reports to the market that
today, March 5, 2013, announced changes in the fee structure of the cash equities market products in the
Bovespa Segment.

These changes are part of a continuous process of improving the pricing policy of the Company and the main
objectives are:
I.
Reduction of the trading fee of cash equities market;
II.
Extension to all customers who carry out day trading of the volume based discount policy currently
offered to High Frequency Traders (HFTs); and
III.
Progressive reduction of trading fees based on global volume tiers of the cash equiti es market,
benefitting all customers.

The implementation of these changes will happen in two phases, the first starting in April 2013 and the
second in December 2013.

More details of these changes and dates of the implementation can be found in the Circular Letter
018/2013.

São Paulo, March 5, 2013.
Eduardo Refinetti Guardia
Chief Financial, Corporate Affairs and IR Officer