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Cidade de Deus, Osasco, SP, October 29^th, 2009

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

Dear Sirs,

     Banco Bradesco S.A. announces to its shareholders, clients and the market in general that all matters examined in the Extraordinary Shareholders’ Meeting, held on this date, were approved as follows:

1. merger of the totality of shares representing the Capital Stock of Ibi Participações S.A. (Ibi Participações) to Banco Bradesco S.A. (Bradesco), converting Ibi Participações into a wholly-owned subsidiary of Bradesco, pursuant to Articles 224, 225 and 252 of Law # 6,404/76, by means of:

a) ratification of the appointment of companies to appraise the Companies’ Equities;

b) approval of the “Protocol and Justification Instrument of Merger of Shares of Ibi Participações S.A.’s Shareholders entered into with Banco Bradesco S.A.”, as well as of the Appraisal Reports of the Companies’ Equities at book, market and economic values;

c) increase of its Capital Stock, in the amount of R$1,368,183,000.00, increasing it from R$23,000,000,000.00 to R$24,368,183,000.00, upon the issue of 45,662,775 new nominative, book-entry, non-par shares, of which 22,831,389 are common shares and 22,831,386 are preferred shares, at the ratio of 0.049401676 fraction of Bradesco share to each share issued by Ibi Participações, to be attributed to the shareholders of Ibi Participações, of which 0.024700839 fraction of common share and 0.024700837 fraction of preferred share;

2. opt for the use of consolidated financial statements at Bradesco, in the determination of operating limits pursuant to Article 1 of the Brazilian Monetary Council (CMN) Resolution # 2,283, of June 5^th, 1996, comprising Banco Ibi S.A. – Banco Múltiplo, controlled by Ibi Participações;

3. increase of its Capital Stock by R$131,817,000.00, increasing it from R$24,368,183,000.00 to R$24,500,000,000.00, upon the capitalization of Reserves, without issuing shares, according to the disposition of First Paragraph of Article 169 of Law # 6,404/76, with the subsequent amendment to the main section of Article 6 of the Company’s Bylaws;

4. partially amend Articles 22 and 24 of the Company’s Bylaws, increasing the number of the members of the Internal Control and Compliance and Ethical Conduct Committees, taking into consideration the adoption of the new organizational structure.

     These deliberations shall be effective after the necessary approval of the process by the Central Bank of Brazil.

Cordially,

Banco Bradesco S.A.
Domingos Figueiredo de Abreu
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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