Itau Unibanco Holding - Liability Management and Capital Optimization Process

SAO PAULO, June 14, 2011 -

On June 10, 2011, Itau Unibanco S.A. (”Itau Unibanco”), a
subsidiary of Itau Unibanco Holding S.A. (”Itau Unibanco Holding”),
delivered the irrevocable notice of redemption to the Bank of New
York Mellon, the Trustee, for the US$500 million aggregate
principal amount 8.70% Perpetual Non-cumulative Junior Subordinated
Securities issued by Unibanco - Uniao de Bancos Brasileiros S.A. on
July 29, 2005 (the “Perpetual Securities”) communicating that Itau
Unibanco intends to redeem all of the outstanding Perpetual
Securities on July 29, 2011.

This decision is part of Itau Unibanco Holding’s permanent
liability management and capital optimization process. Itau
Unibanco Holding, together with its advisors in the investment
banking community, will continue to evaluate opportunities for
furthering this exercise.

Geraldo Soares / Adriano Montico - +55-11-5019-1549