BM&FBOVESPA Growth story

1. BM&FBOVESPA Growth story Investor Relations Department July 2013

2. Forward Looking Statements • This presentation may contain certain statements that express the management’s expectations, beliefs and assumptions about future events or results. Such statements are not historical fact, being based on currently available competitive, financial and economic data, and on current projections about the industries BM&FBOVESPA works in. • The verbs “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “plan,” “predict,” “project,” “target” and other similar verbs are intended to identify these forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from those projected in this presentation and do not guarantee any future BM&FBOVESPA performance. • The factors that might affect performance include, but are not limited to: (i) market acceptance of BM&FBOVESPA services; (ii) volatility related to (a) the Brazilian economy and securities markets and (b) the highly-competitive industries BM&FBOVESPA operates in; (iii) changes in (a) domestic and foreign legislation and taxation and (b) government policies related to the financial and securities markets; (iv) increasing competition from new entrants to the Brazilian markets; (v) ability to keep up with rapid changes in technological environment, including the implementation of enhanced functionality demanded by BM&FBOVESPA customers; (vi) ability to maintain an ongoing process for introducing competitive new products and services, while maintaining the competitiveness of existing ones; (vii) ability to attract new customers in domestic and foreign jurisdictions; (viii) ability to expand the offer of BM&FBOVESPA products in foreign jurisdictions. • All forward-looking statements in this presentation are based on information and data available as of the date they were made, and BM&FBOVESPA undertakes no obligation to update them in light of new information or future development. • This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities where such offer or sale would be unlawful prior to registration or qualification under the securities law. No offering shall be made except by means of a prospectus meeting the requirements of the Brazilian Securities Commission CVM Instruction 400 of 2003, as amended.

3. HISTORY, BUSINESS MODEL AND CORPORATE GOVERNANCE BRAZILIAN MARKET OPPORTUNITIES MAIN GROWTH INITIATIVES OPERATIONAL PERFORMANCE FINANCIAL HIGHLIGHTS APPENDIX (includes results for 1Q13)

4. HISTORY, BUSINESS MODEL AND CORPORATE GOVERNANCE Safety, resilienceandtransparency

5. History of BM&FBOVESPAImportant global exchange 1890: Foundation of Bolsa Livre (BOVESPA's predecessor) 1967: BOVESPA’s Mutualization Aug 2007: BOVESPA Hlddemutualization Oct 2007: BOVESPA Hld IPO (BOVH3) May2008: integration between BM&F and BOVESPA Hld and creation of BM&FBOVESPA (BVMF3) Sep 2007: BM&F demutualization 1986: Start of BM&F activities Nov 2007: BM&F IPO (BMEF3) MARKET CAPITALIZATION (US$ billion) AND OPERATING MARGIN (%) • ¹12M to Jun. 28, 2012. ²12M to Mar 31, 2012. ³9M to Sep. 30, 2012. Source: Bloomberg (Jun. 28, 2013).

6. Vertical model as a differentialValue gained across most of the chain • VALUE CHAIN TRADING POST-TRADE PRE-TRADING Allocation Transfer Clearing/risk analysis Position/ Collateral Auxiliary Services Trade Depository Access Risk Analysis (DMA) Risk Analysis Settlement • Services for issuers and brokers • Listing (stocks, funds, corporate bonds, securitization, among other) • Trading access (brokers) • Securities Lending • Custody for clubs and foreign investors (2.689 account) • Market Data (vendors) • Indices Licensing • Software Licensing • OTC (derivatives and fixed income) • Commodities certification • Verticallyintegrated • Trading Platform: equities, derivatives, government and corporate bonds, funds, spot FX, among others • Post-Trade Platform: • Central Counterparty (CCP) : An entity that interposes itself between operations or contracts, becoming the guarantor of all business • Settlement System (SSS): system that allows the transfer of securities or assets from investors, in which the transfer may be free or against payment • Central Depository (CSD): performs centralized asset custody and treatment of corporate actions (dividends, stock splits, etc.)

7. Vertical model as a differential BM&FBOVESPA present at all post-trade stages US (Internalization of orders is allowed) BRAZIL (Internalization of orders is forbidden) Trading Venues Trading DTCC Brokers A and B Broker A Broker B Brokers A and B Post trade CCP SSS CSD Investors Investors Investors Investors Clearing, settlement and custody occur at the brokerage houses Each prime broker has its own structure to control its customers’ portfolios and settle positions (impact on the prime broker’scosts) Model 100% vertical: clearing, settlement and central depository at the final beneficial owner level Brokers settle positions and control their clients’ portfolios through BM&FBOVESPA’s infrastructure (impact on post-trade fees)

8. Brazilian market regulatory frameworkResilience and safety as priorities • Regulations prohibit internalization of orders, dark pools and ATS/MTFs and simultaneous exchange/OTC equities trading • Settlement and clearing of equities trading must be done through a CCP • Settlement and clearing at the final beneficial owner level make the Brazilian market safer and more resilient • Under the prevailing regulations, potential competitors must provide an integrated solution with the same status regarding rules and transparency • In Brazil the final investor pays the exchange: compared to other markets we have a competitive all-in-cost, as BM&FBOVESPA provides more services than other exchanges • Nakedaccessis not allowed • Naked short selling is not possible Brokerage houses & investors Trading Post-Trade

9. Corporate GovernanceMultidisciplinary knowledge in conducting business BOARD OF DIRECTORS EXECUTIVE OFFICERS Pedro Parente(Chairman) IndependentDirector, CEO of Bunge Brasil Edemir Pinto CEO Marcelo Trindade(Vice Chairman) IndependentDirector, lawyer Eduardo Guardia Chief Product / IRO Alfredo Antônio Lima de Menezes NonExecutiveDirector, ExecutiveOfficerof Bradesco Cícero Vieira COO André Esteves NonExecutiveDirector, CEO of BTG Pactual Daniel Sonder CFO CandidoBracher NonExecutiveDirector, CEO of Itaú BBA Luis Furtado CIO Charles Carey IndependentDirector, Directorof CME Group COMMITTEES Claudio Haddad IndependentDirector, engineer and professor AuditCommittee José Berenguer Neto NonExecutiveDirector, CEO of JP Morgan Brazil Nominations and Corporate Governance Committee José Roberto Mendonça de Barros IndependentDirector, economist and professor CompensationCommittee Luiz Fernando Figueiredo IndependentDirector, Co-Founderof Mauá Investments RiskCommittee AdvisoryCommittee For TheSecuritiesIntermediationIndustry Luiz Nelson Guedes De Carvalho IndependentDirector, professor

10. Ownership structureWidely-held shareholder base

11. BRAZILIAN MARKET OPPORTUNITIES Maingrowthdrivers

12. Opportunities in the Brazilian marketBM&FBOVESPA prepared to capture future growth GROWTH DRIVES • EQUITIES MARKET • lower interest rates => opportunity for diversification with investments in equities from institutional investors • more resources being directed into equities • more listed companies • DERIVATIVES MARKET • more credit and more in fixed-rate government debt => more demand for hedging from financial institutions • lower interest rates=> longer maturities of traded contracts • more foreign trade=> higher volumes in FX contracts • stock market growth, the launch and development of ETFs and more exposure to equity among institutional investors =>growth in Index-based contracts Credit/GDP Evolution in Brazil (%) Credit/GDP Ratio (%)* - 2011 * Source : Central Bank of Brazil and World Bank. * For Brazil, considersonlybankcredit.

13. Capital MarketGreat opportunities in the equities and derivatives segments NUMBER OF CUSTODY ACCOUNTS (thousand) INVESTMENT FUNDS • Number of retail investors represents only 0.3% of the population (lower than global average) • Funds’ AUM evolution (in BRL billion). Global average of 40% for equities PENSION FUNDS LISTED COMPANIES • Participation of equities in the portfolio of pension funds • Lower number of listed companies in comparison with other countries Source : BM&FBOVESPA, ANBIMA , WFE (Dec-12) and ABRAPP.

14. Interest Rate Contracts in Brazilian RealsStructural changes behind the growth in volumes INTEREST RATES IN BRL: ADV PER CONTRACT MONTH (millioncontracts) • longer maturities of contracts CAGR: +16% CAGR: +30% CAGR: -1% PUBLIC DEBT / FIXED RATE (BRL billion) STOCK OF FIXED-RATE CREDIT (BRL billion) • more fixed-rate debt increases banks and institutional investors’ demand for futures contracts on BM&FBOVESPA • more credit increases the banks’ demand for financial derivatives on BM&FBOVESPA Source: Central Bank ofBrazil

15. BM&FBOVESPAWell positioned to capture and generate growth Significant investments in technology and the quest for greater efficiency (cost control) Falling interest rates High Potential for Revenue Growth Strengthening of regulatory and institutional structure Strong need for investments to promote growth BM&FBOVESPA Strategic Focus External Factors Investments portfolios still concentrated in high liquidity fixed income products Focus on clients: development of markets and products Operating Leverage Sustainable Results (Maximization of Shareholders’ Return)

16. MAIN GROWTH INITIATIVES Investments, new products and focus on the customer

17. Strategic projectsBuilding a new one-stop-shop exchange • PUMA Trading System™ - Multi-Asset Class Platform • State-of-the-art trading technology, developed in partnership with the CME Group, with technological independence • Derivatives module : successfully implemented in 3Q11 • Equities module: successfully implemented in Apr-13 • Over-the-counter and Fixed Income Platforms • New platforms have been developed to offer greater flexibility, quality and agility to our customers • Registrationplatform: registration of fixed income instruments (initially CBD and LCI) • OTC derivatives: registration of financial derivatives (initially, non-deliverable forward contracts, or NDFs), developed with the Calypso Technology Company • Trading ofcorporatebonds: developing new platform for secondary market and change the pricing policy • Clearinghouses’ integration • Creating an integrated clearinghouse, which will consolidate the activities of the four current clearinghouses: equities and corporate debt, derivatives, foreign exchange and securities • Licensing of TRADExpress Real Time Clearing system, developed in partnership with Swedish firm Cinnober (with right of access to source code) • Integrated tests with the market and the beginning of the deployment of new systems planned 1Q14 (derivatives) and end 2014 (equities) Trading OTC and Fixedincome Post-trade

18. Increasing competitive differentiation for derivative and cash equity markets Latency Processing capacity BM&F Segment (derivatives) BOVESPA Segment (equities) BM&FBOVESPA IT Developments Building a world-class IT platform Core of the system (average latency milliseconds) Core of the system (average latency milliseconds) • Latency has been dramatically reduced • Standard deviation of latency has been reduced by more than 200 • Ready to handle 200 million msgs/day • Throttle being gradually expanded • Derivatives: almost sevenfold between Aug’11 and Apr’13 • Equities: orders bandwidth planned to be discontinued by 1H13; cancelation fees to be optimized in 2H13 • Further efficiencies to be gradually implemented, through continuous improvements • Partnership with CME continues PUMA’s msgs/min peaks (equity) • The average msgs/min before and after PUMA grew more than 25%

19. Deployment in 1Q13 Developments that should be concluded over the next 18 months • Certification phase (integrated test with the market) of NDFs in Calypso platform started in Feb’13 BM&FBOVESPA Product Development Updating the OTC and Fixed Income platforms

20. Clearinghouses’ IntegrationFurther differentiation in BM&FBOVESPA post-trade • Equities and corporate debt (BRL 98 bn*) • Equities, ETFs and corporate fixed income cash market • Equity and indices derivatives (options and forward) • Securities lending • Derivatives • (BRL 102 bn*) • Financial and commodities derivatives (futures, options and forwards) • OTC derivatives • Securities • (BRL 1 bn*) • Cash market and forward market for government bonds • FX • (BRL 5 bn*) • FX spot market • (US$ vs. BRL ) INTEGRATED CLEARINGHOUSE** = Capital efficiency * Aggregate of pledged collateral at our clearinghouses totaled BRL 206,0 billion in Mar. 31, 2013. **IPN/CORE implementation requires the authorization of the regulators.

21. High growth productsGrowing sophistication of market participants Initiatives to develop and prompt higher volume in certain products; Performance shows that the initiatives are being well received by the market. Securities Lending Real Estate Funds (FIIs) Options withMarket Maker (Open Interest - average for theperiod - in BRL billion) (ADTV in BRL million) (ADTV in BRL million) +55.1% CAGR (09-13): +37.0% CAGR(09-13): +156.2 % Agribusiness Credit Bills Brazilian Treasury Direct - TesouroDireto ETFs (AUM – in BRL billion) (ADTV in BRL million) (Custody – in BRL billion) • BM&FBOVESPA has a 66% market share of the registered AUM (Mar-13). CAGR (09-13): +35.3% CAGR (09-13): +54.8% *Updated to Jun. 28, 2013.

22. OPERATIONAL PERFORMANCE Records in 2013

23. BOVESPA Segment Operational highlights AVERAGE DAILY TRADING VOLUME – ADTV (BRL billion) CAGR (2004 – 2013): 23.1% CAGR (2009-2013): 10.6% AVERAGE ANNUAL MARKET CAP(BRL trillion) TURNOVER VELOCITY** (12 months average) *Updated to Jun. 28, 2013. **Ratio of cash market trading volume to the market cap of the exchange.

24. Trading in ADRs of Brazilian companiesLiquidity Migration Process Interrupted End of CPMF (Financial Transaction Tax) Novo Mercado Launch (Dec. 2000) End of IOF Tax (2%) for foreign investors (Dec. 2011) Sarbanes-Oxley Act (Jul. 2002) Jun´13 21,0% 29.4% 8.4% 29.1% 70.6% 41.5% Source: Bloomberg (in USD traded value of 35 companies with ADRs programs ) PUBLIC OFFERINGS IN NUMBER OF COMPANIES *Updated to Jun . 28, 2013.

25. BM&F Segment Operational highlights AVERAGE DAILY TRADED VOLUME – ADV (thousands of contracts) CAGR (2004-13): 17.2% CAGR (2009-2013): 21.8% REVENUE PER CONTRACT - RPC (BRL)

26. Investor participation in volumesEquities and derivatives segments BOVESPA SEGMENT (EQUITIES) BM&F SEGMENT (DERIVATIVES)

27. FINANCIAL HIGHLIGHTS Reduction in expenses. Return to shareholders

28. Income StatementHistory • SUMMARY OF INCOME STATEMENT (CONSOLIDATED)

29. Revenue and expenses breakdown Diversified revenue sources as a differential, costs under control REVENUE BREAKDOWN (2012) EXPENSES BREAKDOWN (2012) Gross Revenue: BRL 2,289.0 million 4.5%: Depository, Custody and Back-Office 3.4%: Securities Lending 3.0%: Vendors 2.3%: Trading Access (Brokers) 2.0%: Listing

30. Adjusted Opex¹ and Capex BudgetsFocus on cost control and investments phase ADJUSTED OPEX • Focus on cost control: in 2013, the effects of inflation will be neutralized by efficiency gains • 2010-2013E:Adjusted expenses decreasing in real terms (CAGR of 1.6% p.a.²) • 2013 Budget: BRL 560 million-580 million, the same range as in 2012 (in BRL million) CAPEX • 2013 Budget: BRL 260 million-290 million • 2014 Budget: BRL 170 million-200 million • Investments close to BRL 1.2 billion between 2010 and 2014 in several projects (in BRL million) 1 Adjusted by depreciation, stock option program, tax on dividends from CME Group and provisions. ² Expensesgrowthconsideringthemid-point budget for 2013 (BRL 570 million) and inflation CAGR (2010-2013) of the inflation is 5.8% p.a. Source: BCB Focus Bulletin (Nov. 30, 2012) - estimated IPCA .

31. Growth PathGrowth in business and results GROWTH IN ADJUSTED EARNINGS PER SHARE (in BRL) CAGR (2009 – 12): 11.0% GROWTH IN REVENUES AND RESULTS (in BRL million) CAGR (2009 – 12): 11.0% CAGR (2009 – 12): 9.6% CAGR (2009 – 12): 11.4%

32. Financial HighlightsFocus on cash generation and total shareholder return HISTORY OF PROCEEDS (in BRL million) SHARE BUYBACK: MAXIMIZING RETURN (in BRL millon) Adj. Net income 1,224 1,586 1,546 1,612 Net income 881 1,145 1,048 1,074 ROIC 8.3% 9.4% 8.4% 8.9% *Dividend Yieldis the result of the sum of earnings per share distributed during the year divided by the average share price during the year. ROIC: ReturnonInvested Capital.

33. APPENDIX

34. BVMF3 – Recent performance BVMF3 YTD: -11.7% IBOVESPA YTD: -22.1% Updated to Jun. 28, 2013.

35. Financial Highlights P/E analysis Since 2009, the goodwill tax benefit has been recognized as deferred liability (being cash neutral), reducing the GAAP earnings Δ: 14.2% 15-20% impact on P/E multiple Difference between GAAP EPS and the EPS adjusted to non existence of goodwill simulation Different earnings impact the P/E calculation and distort comparisons and market consensus The reported adjusted net income reflects better the company´s cash generation 1 Excludes the investment in associate (CME Group) accounted under the equity-method. 2 Simulates the Interest on Capital amount that would be approved if there was no goodwill tax benefit; 3Stock at R$13.79 (March 12th, 2013).

36. BOVESPA Segment Raising Capital PUBLIC OFFERINGS (BRL billion) Updated to June. 28, 2013. PIPELINE: OFFERINGS ANNOUNCED SO FAR TO THE MARKET • There are 3 offerings in the pipeline • IPOs (2): CPFL Energias Renováveis; Azul; • Subsequentes (1): Tupy. • Additionally, there are 17 Real Estate Funds filed with CVM: estimated value of R$ 3.5billion * Excludes the portion acquired by the Brazilian government in the Petrobras offering, via the transfer of rights in barrels (BRL 74.8 billion).

37. BOVESPA Segment Foreign investment flow MONTHLY NET FLOW OF FOREGIN INVESTMENTS (in BRL billon) • Includes public offering (primary market) and regular trades (secondary market). Updated until Jun. 28, 2013.

38. BOVESPA Segment Potencial toincreasethenumberoflistedcompanies MARKET CAPITALIZATION TO GDP (%)* MARKET CAPITALIZATION BY ECONOMIC SECTOR * Source: World Bank Dec’12 Dec’05

39. High Frequency Trading (HFT) BOVESPA SEGMENT: HFT ADTV (BRL million) AND MKT. SHARE BM&F SEGMENT: HFT ADV (thousands of contracts) AND MKT. SHARE

40. Regulatory Framework STOCK EXCHANGE ACTIVITY CLEARINGHOUSES’ ACTIVITIES • CVM Instruction 461 ofOct. 23, 2007 • Regulates the security markets and decides on the formation, organization, operation and dissolution of stock exchanges, futures and commodities exchanges and OTC markets • Establishes the organization and minimal corporate governance structure of organized market management bodies • Establishes self-regulation activities of the in the organized market management bodies • Law 10.214 of Mar. 27, 2001 • Clearinghouses considered systemically important by the BCB should ensure settlement (i.e., act as CCPs) • BCB Resolution 2.882 ofAug. 30, 2001 • Clearinghousesshall guarantee, at least, settlement of the highest net amount owed • Access criteria must be public and allow wide participation • Circular BCB 3.057 ofAug. 31, 2001 • Rules, manualsandsafeguardmechanisms must beapproved by BCB • Maintenance of a secondary data center and contingency procedures • Supervision by BCB • CVM Instruction 441 of Nov. 10, 2006 • Securities lending with guaranteed settlement - final beneficiary model

41. BM&FBOVESPA Market Supervision (BSM)Self-RegulationEntity BSM is is a not-for-profit association organized as a self-regulatory and market surveillance organization, responsible for regulatory and oversight activities relative to the markets we operate. • Mainactivitiesof BSM • Organizationalchart • Monitor 100% of the participants’ transactions • Assess 100% of intermediaries • Enforcement • Education SupervisionBoard (12 members*) • Atribuições da BSM estabelecidas na Instrução CVM 461/2007: • Monitor and supervise transactions in the organized markets • Determine deficient compliance with the rules and norms • Monitor the activities of the Stock Exchange • Initiate and prosecute disciplinary administrative legal proceedings • Applypenalities StrategicCommittee • BSM dutiesestablishedin CVM Instruction 461/2007 Self –regulationOfficer Audit Marketsupervision Legal dept. Analysisandstrategy * 9 independent

42. BM&FBOVESPA Sustainability Mission • BM&FBOVESPA’sSustainability Mission • “Tosupport, promote and practice economic, social and environmental responsibility concepts and actions seeking to contribute towards sustainable development”

43. BM&FBOVESPA Sustainability Program Working in four dimensions

44. RESULTS FOR 1Q13 Revenue growth and cost control

45. 1Q13 vs. 1Q12 HighlightsVolumes growth and strict cost control FINANCIAL HIGHLIGHTS OPERATIONAL HIGHLIGHTS • Bovespa segment: • ADTV: +5.0% • Margin: -3.4% • BM&F segment: • ADV: +11.5% • RPC: +3.4% • High growth products • Securities Lending: record of average open interest positions (R$44.7 billion); +31.5% • TesouroDireto: +24.5% of assets under custody • FIIs (real estate funds): strong growth of volumes (R$38.8 million in 1Q13) and number of investors (102.7 thousand) • LCA (agribusiness credit bills): consistent increase of average assets under custody (R$40.0 billion) • Total revenue: R$580.6 million +3.6% • Bovespaseg.: R$256.2 million, -2.8% • BM&F seg. R$221.8 million, +10.0% • Negatively impacted by fewer business days • Net revenue:R$521.0 million, +3.6% • Adjusted expenses¹:R$124.0 million, -1.1% • Operating income: R$348.2 million, +3.4% • EBITDA: R$412.4 million, +4.1% (EBITDA margin of 79.2% in 1Q13) • Adjusted net income²:R$394.6 million, -3.6% • Adjusted EPS:R$0.204,-3.8% • Payout:R$213.6 million in 1Q13, R$0.111 per share (80% of GAAP net income) MAIN PROJECTS AND HIGHLIGHTS PUMA Trading System™: equities module deployed in Apr’13 Clearinghouses Integration:tests starting in Jul’13 OTC Platform: certification process for registration of NDFs started in 1Q13 Pricing: changes in pricing policy of cash equities announced on March 05, 2013 Public Offerings: resumption of shares public offerings exceeding R$15 billion from January to Apr’13. 1Excludes stock options plan, depreciation, provisions and tax on dividends from CME Group. 2Excludes deferred liability recognized in correlation with temporary differences from amortization of goodwill for tax purposes, the impact of the stock options plan, the investment in associate (CME Group) accounted under the equity method of accounting, net of taxes related to dividends and taxes paid overseas to be compensated. 3IPN/CORE implementation requires the authorization of the regulators. 45

46. BOVESPA Segment Performance Solidvolumes level and turnover velocity growth AVERAGE DAILY TRADING VALUE (ADTV) ADTV BY GROUP OF INVESTORS (in R$ billions) • 1Q13 vs. 1Q12: + 5.0% • 12.3% increase of foreign investors ADTV, due to volatility and high frequency trades (HFTs) • Turnover velocity growth hit 71.7% TRADING MARGIN (in basis point - bps) AVERAGE MARKET CAP. AND TURNOVER VELOCITY • 1Q13 vs. 1Q12: -3.4% • Decrease in the options margin (market maker) and derivatives participation in the total volume 46

47. BM&F Segment PerformanceHigh growth of interest rate in R$ contracts AVERAGE DAILY VOLUME (ADV) AND RPC (R$) ADV AND RPC EVOLUTION (ADV in millions of contracts and RPC in R$) • 1Q13 vs. 1Q12 • ADV: +11.5%, reflecting 22.2% increase in the ADV of Brazilian real-denominated interest rate contracts • RPC: +3.4%, due to: • Brazilian real-denominated interest rate contracts trading in longer maturities • Appreciation of the FX rate (US$/R$) - FX and US$ interest rate contracts • Decrease of HFTs participation in the ADV INTEREST RATE IN R$ CONTRACTS – TOTAL REVENUE INTEREST RATES IN R$ - VOLUMES BY MATURITY (ADV in millions of contracts) (Revenue in R$ millions) 47

48. Revenue Breakdown in 1Q13Diversified revenue sources as a differential REVENUE BREAKDOWN 39.2%: Cash Equities¹ 9.1%: Trading 30.1%: Post-Trading 4.9%: Derivatives on Stocks and Indices Total Revenue R$580.6 million 38.2%: Financial/Commodity Derivatives 17.7%: Other Revenues 4.7%: Depository, Custody and Back-Office 4.2%: Securities Lending 2.9%: Vendors 2.3%: Trading Access (Brokers) 2.0%: Listing 1.6%: Others ¹Revenue breakdown for cash equities (trade + post-trade) do not reflect the pricing policy changes announced in Mar-13, into effect only In Apr-13: i) Reduction of trading fees to 0.5 bps from 0.7 bps for all investors ii) Post-trade fees increase to 2.0 bps from 1.8 bps for institutional investors and day traders 48

49. 1Q13 ExpensesFocus on cost control and operational efficiency TOTAL EXPENSES BREAKDOWN ADJUSTED EXPENSES (in R$ millions) Expenses: R$172.8 million • ADJUSTED EXPENSES (1Q13 vs. 1Q12): -1.1% • Adjusted Personnel: +5.7%, , basically due to the effects of annual union bargain in Aug’12 • Data processing: -7.1%, due to expenses reduction with IT outsourcing and lower maintenance costs with legacy platforms • Marketing: repriorization of marketing campaigns *Include expenses with maintenance in general, taxes adjusted by the dividends from CME Group, board and committee members compensation and others (excluding provisions). 49

50. Operating income was offset by a decrease in financial income Financial StatementsSummary • SUMMARY OF INCOME STATEMENT (CONSOLIDATED) * Attributable to BM&FBOVESPA shareholders.