BM&FBOVESPA Growth story

1. BM&FBOVESPA Growth story Investor Relations Department September2013

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 2Q13)

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 (Aug 30, 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 Total Credit/GDP Evolution in Brazil (%) Selic Interest Rate (% p.a.). – Jan-07 to Aug-13 Source : Central Bank of Brazil. * 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. *Updated to Mar/13

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. Update of strategic projects • PUMA Trading System™ - Multi-Asset Trading Platform • A high-performance, high-speed and high-capacity electronic trading platform • RTT (Round Trip Time) of less than one millisecond • Derivatives and FX module: implemented in Oct/11 • Equities module: implemented in Apr/13 • Clearinghouses integration • The integration of BM&FBOVESPA’s clearinghouses will enhance the Company’s competitive position • Development of the new risk architecture (CloseOut Risk Evaluation - CORE)* will increase allocation efficiency for clients • Tests for derivatives started in Jul/13, with conclusion scheduled for Mar/14 • iBalcão – OTC Registration Platform • Registration of OTC derivatives and fixed income securities • Deployment in Jul/13 (for FX non-deliverable forward – no central counterparty) • Pricing Policy Changes for Cash Equities • First phase (Apr/13): reduction from 0.7 bps to 0.5 bps in trading fees and a realignment between the trading fees and post-trade fees of institutional investors and day traders • Second phase (Dec/13): increased discounts per tier of volume for day traders and a progressive reduction of trading fees per tier of global volume • Initiatives for Small and Medium Enterprises (SMEs) • Establishment of the Technical Committee for Smaller Offerings composed of private sector and government agencies • Developing proposals to facilitate capital raising through issuance of shares (incentives to SMEs, investors and intermediaries) • Project was presented to the Ministry of Finance in Jul/13 $ *IPN/CORE implementation requires the authorization of the regulators.

18. BM&FBOVESPA IT DevelopmentsBuilding a world-class IT platform Increasing competitive differentiation for derivative and cash equity markets Latency Processing capacity BM&F Segment (derivatives) BOVESPA Segment (equities) 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. BM&FBOVESPA Product DevelopmentUpdating the OTC and Fixed Income platforms 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

20. Clearinghouses’ IntegrationFurther differentiation in BM&FBOVESPA post-trade • Equities and corporate debt (BRL 85.2 bn*) • Equities, ETFs and corporate fixed income cash market • Equity and indices derivatives (options and forward) • Securities lending • Derivatives • (BRL 111.2 bn*) • Financial and commodities derivatives (futures, options and forwards) • OTC derivatives • Securities • (BRL 1.0 bn*) • Cash market and forward market for government bonds • FX • (BRL 4.8 bn*) • FX spot market • (US$ vs. BRL ) INTEGRATED CLEARINGHOUSE** = Capital efficiency * Aggregate of pledged collateral at our clearinghouses totaled BRL 202.2 billion in Jun. 30, 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) +54.7% CAGR (09-13): +35.8% CAGR(09-13): +148.8% 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 (Jun-13). CAGR (09-13): +35.2% CAGR (09-13): +55.7% * *Updated to Aug. 30, 2013. **Updated to Jul. 30, 2013

22. OPERATIONAL PERFORMANCE Records in 2013

23. BOVESPA Segment Operational highlights AVERAGE DAILY TRADING VOLUME – ADTV (BRL billion) CAGR (2004 – 2013): 22.8% CAGR (2009-2013): 10.0% AVERAGE ANNUAL MARKET CAP(BRL trillion) TURNOVER VELOCITY** (12 months average) *Updated to Aug 30, 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) End of IOF Tax (2%) for foreign investors (Dec. 2011) Novo Mercado Launch (Dec. 2000) Sarbanes-Oxley Act (Jul. 2002) Aug´13 24.7% 41.5% 16.8% 25.6% 58.5% 32.9% Source: Bloomberg (in USD traded value of 35 companies with ADRs programs ) PUBLIC OFFERINGS IN NUMBER OF COMPANIES *Updated to Aug. 30, 2013.

25. BM&F Segment Operational highlights AVERAGE DAILY TRADED VOLUME – ADV (thousands of contracts) CAGR (2004-13): 16.4% CAGR (2009-2013): 20.0% REVENUE PER CONTRACT - RPC (BRL) *Updated to Aug. 30, 2013.

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: -16.5% IBOVESPA YTD: -17.9% Updated to Aug. 30, 2013.

35. Financial HighlightsP/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 Aug. 30, 2013. PIPELINE: OFFERINGS ANNOUNCED SO FAR TO THE MARKET • There are 7 offerings in the pipeline • IPOs (5): Ouro Verde Locação e Serviço; Unidas; Sascar participações; Ser educacional; Gaec Educação • Follow-ons (2): Tupy, Cambuci • Additionally, there are 21 Real Estate Funds filed with CVM: estimated value of R$ 3.6billion * 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 Aug 30, 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 * *Updated to Aug. 30, 2013

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’sSustainabilityMission To promote sustainability and strategically-aligned private social investment, contributing towards the institutional strengthening of BM&FBOVESPA Why? How? SustainabilityPolicy New productsandservices New Markets Internationalprojection Competitiveedge Risk management Costreduction Induction Role Image Reputation Program created in 2010 as the umbrella of exchange´s sustainability actions. It aims to instigate and promote the sustainable development of BM&FBOVESPA and capital markets, involving various audiences: investors, companies, brokerage houses etc

43. BM&FBOVESPA’sSustainabilityPolicyApprovedbytheBoardat 4/4/2013

44. BM&FBOVESPA’sSustainabilityPolicyInitiatives • ICO2 – CarbonEfficient Index andETF • Carbon Market • Green IT • GreenhouseGasEmissionsInventory(verificationandoffsetting) • Compensation of greenhouse gas emissions • Selectivecollectionprogram • ISE – Corporate Sustainability Index and ETF • IGC – Corporate GovernanceIndices • Em Boa Companhia (programwithlistedcompanies) • FoundingSignatorytotheSustainable Stock ExchangesInitiative – UN • Signatorytothe PRI – Principles for ResponsibleInvestment - UN • Novo Mercado • SustainabilityPolicy • ReportorExplain for Sustainabilityreports • Internalgovernance (SustainabilityComissionandCommittee) • AnnualReportby GRI Model • InternalandExternalstakeholders • Signatorytothe Global Compact(thefirst stock exhange in the world) • Compactsandcommitments • BM&FBOVESPA Institute • Voluntary Service Program

45. RESULTS FOR 2Q13 Revenue growth and cost control

46. 2Q13 vs. 2Q12 HighlightsRecord of revenue and volumes FINANCIAL HIGHLIGHTS OPERATIONAL HIGHLIGHTS • BOVESPA segment: • ADTV: R$8.3 billion, +8.5% • Margin: 5.314 bps, -3.4% • BM&F segment: • ADV: 3.6 million contracts, +8.7% • RPC: R$1.151, +1.6% • High growth products: • Securities Lending: record of average open interest positions (R$44.8 billion), +53.4% • Tesouro Direto: +10.4% average of assets under custody • FIIs (real estate funds): strong growth in ADTV (R$41.3 million in 2Q13) and number of investors (104.1 thousand) • LCAs (agribusiness credit bills): assets under custody of R$52.3 billion in Jun/13. • Total revenue: R$668.8 million, +10.9% • BOVESPA seg.: R$289.5 million, +7.7% • BM&F seg. R$268.8 million, +12.2% • Other revenue: R$110.5 million, +16.4% • Net revenue:R$599.8 million, +10.8% • Adjusted expenses¹:R$133.2 million, +4.1% • Operating income: R$423.0 million, +12.8% • Adjusted net income²:R$469.6 million, +11.0% • Adjusted EPS:R$0.244,+11.4% • Dividends: payment of R$280.7 million in 2Q13, R$0.147 per share (80% of GAAP net income) • EBITDA: R$503.2 million, +14.0% and margin of 83.9% • (according to CVM Rule 527/12 that does not exclude equity method accounting). MAIN PROJECTS AND HIGHLIGHTS PUMA Trading System™:less than 1 millisecond of latency Clearinghouses Integration (IPN)3: integrated tests with market participants started in Jul/13. iBalcão - OTC Platform:in operation for FX NDFs since Jul/13 Pricing:first phase of changes for cash equities implemented on Apr/13 SMEs: proposals for developing the Access Market 1Expenses adjusted to Company´s depreciation, stock options plan, tax on dividends from the CME Group and provisions. 2Net income adjusted by: i) the effect of deferred liability recognition in connection with temporary differences from amortization of goodwill for tax purposes; ii) the impact of the stock options plan; iii) investment in affiliates (CME Group) accounted for under the equity method, net of taxes; and iv) taxes paid overseas to be compensated. 3IPN/CORE implementation requires the authorization of the regulators. 46

47. BOVESPA Segment performance Record volumes driven by turnover velocity AVERAGE DAILY TRADING VOLUME (ADTV) AND MARGIN • 2Q13 vs. 2Q12: + 8.5% ADTV • 13.9% growth of foreign investors’ ADTV, due to the activity of high frequency traders (HFTs) • 9.6% increase of institutional investors’ ADTV • Increase of turnover velocity, which hit 81.6% • Margins fell due to changes in the fee policy and the product mix (lower participation of derivatives) • 2Q13 vs. 1Q13: +10.3% ADTV • 10.1% growth in cash equities ADTV and 19.6% growth in options (equity/index) ADTV ADTV BY INVESTOR CATEGORY AVERAGE MARKET CAP. AND TURNOVER VELOCITY (in R$ billions) 47

48. BM&F Segment PerformanceRecord ADV driven by interest rate contracts AVERAGE DAILY VOLUME (ADV) AND AVERAGE RPC (in millions of contracts) • 2Q13 vs. 2Q12: +8.7% ADV • ADV: 12.8% increase in Brazilian Real interest rate contracts • RPC: +1.6% • Appreciation of the FX rate (USD/R$) - FX and USD Dollar interest rate contracts • Growth in RPC of index-based contracts • 2Q13 vs. 1Q13: +20.5% ADV • +20.5% interest rate contracts in R$ ADV. ADV BY INVESTOR CATEGORY INTEREST RATES IN R$ - ADV BY MATURITY (in millions of contracts) (in %) 48

49. Revenue Breakdown in 2Q13Diversified revenue sources as a differential REVENUE BREAKDOWN • CASH MARKET TRADING REVENUE • ACCOUNTED FOR • 6.3% OF TOTAL • DERIVATIVES REVENUE • (BM&F + BOVESPA) ACCOUNTED FOR 43.6% OF THE TOTAL 37.2%: Cash Market¹ 6.3%: Trading 30.9%: Post-Trade 4.3%: Stock and Indices Derivatives Total Revenue R$668.8 million 39.3%: Financial/Commodity Derivatives 19.2%: Other Revenues 4.4%: Securities Lending 4.3%: Depository, Custody and Back-Office 2.6%: Vendors 1.9%: Trading Access 1.8%: Listing ¹Revenue breakdown for the cash market (trading + post-trade) reflects the pricing policy changes which came into force in Apr/13. i) Reduction of trading fee to 0.5 bps from 0.7 bps for all investors ii) Post-trade increase to 2.0 bps from 1.8 bps for institutional investors and day trades 49

50. 2Q13 ExpensesContinued focus on cost control and operational efficiency TOTAL EXPENSE BREAKDOWN ADJUSTED EXPENSE (in R$ millions) Expense: R$176.8 million ADJUSTED EXPENSE INCREASED 4.1% OVER 2Q12, BELOW ACCUMULATED INFLATION IN THE PERIOD** AND IN LINE WITH THE BUDGET FOR THE YEAR (R$560-580 MILLION) *Includes expenses with maintenance in general, taxes adjusted by the dividends from CME Group, board and committee members’ compensation and others (excluding provisions). • **12 month inflation (Consumer Price Index - IPCA) of 6.7%. Source: IBGE. 50