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Banestes replaces board member

The board of BanestesSA - Banco do Estado do Espírito Santo said João Felício Scárdua waselected to be a member of its board, replacing Gerson Camata, who was elected inApril.

The company didn't explain the reason for the change.

As of July 19, US$1 wasequivalent to 3.28 Brazilian reais.