Publicly Held Company

                                                                                    Corporate Taxpayer’s ID (CNPJ) 60.746.948/0001-12

Notice to Shareholders

Banco Bradesco S.A. announces to its shareholders and the market that the Brazilian Central Bank approved, on March 18, 2011, the Company’s capital stock increase, as follows:

1.       in the amount of R$1,500,000,000.00, increasing it from R$28,500,000,000.00 to R$30,000,000,000.00, upon the subscription of new shares, proposed at the Special Shareholders’ Meeting held on December 17, 2010 and approved at the Special Shareholders’ Meeting held on March 10, 2011, informing that:

·       subscription receipts will be traded on the Stock Exchange up to this date (March 22, 2011);

·       new subscribed shares will be included in the shareholders’ position on March 25, 2011 and will be available on March 28, 2011.

2.       in the amount of R$100,000,000.00, increasing it to R$30,100,000,000.00, upon the capitalization of the Capital Reserves and the Profits Reserves, without the issue of shares, pursuant to Paragraph One of Article 169 of Law #6,404/76.

Shares composing the capital stock will be entitled, in equal conditions, as of March 25, 2011, to Monthly Dividends and eventually Complementary Dividends and/or Interest on Shareholders' Equity to be declared and will be fully entitled to possible advantages as of the mentioned date.

Cidade de Deus, Osasco, SP, March 22, 2011

Banco Bradesco S.A.

Domingos Figueiredo de Abreu

Executive Vice-President and

Investor Relations Officer

·      Should you have any questions or require further information, please contact Mr. Paulo Faustino da Costa, phone 55 11 2178-6201, e-mail 4823.paulo@bradesco.com.br; Mrs. Ivani Benazzi de Andrade, phone 55 11 2178-6218, e-mail: 4823.ivani@bradesco.com.br or Mr. Carlos Tsuyoshi Yamashita, phone 55 11 2178-6204, e-mail: 4823.carlos@bradesco.com.br