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Registry of BENFOM

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11/1852

NOTICE N.º 1852/11

We hereby inform that, on 23th December, 2011, 20.000 registered bonds, with a nominal value of 50.000,00 EUR, of Banco Espírito Santo, S.A. shall be registered, regarding the loan "BES/2011 - Eur 1.000 M. Floating Rate Guaranteed Unsub.Notes due 2014", under the code BENFOM.

INTERBOLSA, 22th December, 2011