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Cancellation of equity of ESSAXE

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11/1848

NOTICE N.º 1848/11

We hereby inform that, on 22th December, 2011 and by indication of the Issuer, one has cancelled the 4.240 cash bonds, regarding the issue "BES Investimento/2006 - ob. cx. Range Accrual Euribor TARN", registered in the Securities Central under code ESSAXE (total amount in circulation: 29.200).

INTERBOLSA, 22th December, 2011