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	Cidade de Deus, Osasco, SP, June 1st, 2009

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

Ref.: Acquisition of Shares issued by the Company for Disposal or Cancellation

The Board of Directors of this Bank, at a meeting held today, pursuant to Paragraph 6 of Article 6 of the Company’s Bylaws, and in compliance with the requirements set forth in Paragraphs 1 and 2 of Article 30 of Law # 6,404/76 and with the CVM – Comissão de Valores Mobiliários (Brazilian Securities and Exchange Commission) Instructions # 10, 268 and 390 as of February 14^th, 1980, November 13^th, 1997 and July 8^th, 2003, respectively, resolved:

I) to renew the program to acquire shares issued by the Company to be maintained in treasury and subsequent disposal or cancellation, without decreasing the Capital Stock;

II) to authorize the Company’s Board of Executive Officers to acquire up to 35,000,000 registered book-entry shares, with no par value, comprising of 10,000,000 common shares and 25,000,000 preferred shares, and it is incumbent on the Board of Executive Officers to determine the opportunity and the number of shares to be effectively acquired, within the limits authorized and the duration of this resolution.

For the purposes of Article 8 of CVM Instruction # 10, as of February 14^th, 1980, it is specified that:

a) the objective of the present authorization is the application of funds registered in the “Profits Reserve - Statutory Reserve”, available for Investments;

b) it shall be valid for the period of 6 (six) months, from June 2^nd, 2009 to December 2^nd, 2009;

c) pursuant to the provisions in Article 5 of CVM Instruction # 10, the Bank has 2,026,319,470 outstanding shares, comprising of 551,132,950 common shares and 1,475,186,520 preferred shares;

d) the acquisition process of these shares shall be undertaken at market price and be mediated by Bradesco S.A. Corretora de Títulos e Valores Mobiliários, with headquarters at Avenida Paulista, 1.450, 7^o andar, Bela Vista, São Paulo, SP and Ágora Corretora de Títulos e Valores Mobiliários S.A., with headquarters at Praia de Botafogo, 300, salas 601 and 301, parte, Botafogo, Rio de Janeiro, RJ;

II) that in the event of cancellation of such purchased shares, the Board of Directors shall be responsible for submitting such cancellation for the approval of the General Shareholders’ Meeting, without decreasing the Capital Stock;

III) to register that in relation to the authorization granted to the Board of Executive Officers during this Body’s meeting # 1,374, as of November 27^th, 2008, it was verified that until May 29^th, 2009, 17,700 registered book-entry common shares, with no par value, were acquired, which added to the existing 129,021 common shares and 34,600 preferred shares, total 181,321 registered book-entry share, of which 146,721 are common shares and 34,600 are preferred shares, which shall be maintained in treasury, whereas the decision regarding the disposal or cancellation of these shares shall be made on an appropriate occasion and disclosed to the market.

Cordially,

Banco Bradesco S.A.
Milton Almicar Silva Vargas
Executive Vice President and
Investor Relations Officer

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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.

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