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Banco BTG Pactual approves cancellation of repurchased units

announced on Sept.29 that its board approved the cancellation of 13,257,400 company units repurchasedunder a buyback program, as well as the cancellation of 11,074,800 Class C preferredshares received as part of a stock dividend.

Additionally,the board extended the buyback program, which is for up to 17.5 million units, untilMay 24, 2017. Acquired units will initially be held intreasury or canceled, though the bank said it is not excluding other possible uses.BTG Pactual Corretora de Títulos e Valores Mobiliários S.A. will intermediate theacquisitions.