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BHG announces conclusion of debenture issue

Operation was completed on December 28, 2012 and involved the issue of seven thousand (7,000) debentures.

SAO PAULO – BHG S.A. – Brazil Hospitality Group announced the conclusion of its debenture issue on December 28, 2012. The operation began on December 17, 2012 and involved the issue of seven thousand (7,000) debentures with a nominal unit value of ten thousand reais (R$10,000.00).

The debentures will pay interest equivalent to one hundred percent (100%) of the one-day interbank deposit rate (DI), based on a year of 252 business days, calculated by CETIP S.A. and disclosed on a daily basis on its website, plus one and eight-tenths of a percent (1.80%) per year of 252 business days.

The Company raised seventy million reais (R$70,000,000.00) through the issue, which will be used to pay off its short-term debt and strengthen its cash position. The issue’s lead manager was Banco Itau BBA S.A.

As announced at the time, the operation was in line with the Company’s strategy of extending its debt profile and reducing its associated financial cost.

The debentures will mature after three (3) years on December 17, 2015.

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