PanAmericano Closes its Foreign Issue of US$ 300 Million

SAO PAULO, July 30, 2010 - Banco PanAmericano, a financial institution that is part of the Silvio
Santos Group in Brazil, closed its issue of senior debt (Medium Term Notes)
in the international markets, where the banks Itau, Bradesco, UBS Investment
Bank and Standard Bank were the coordinators. The amount made available was
US$ 300 million. The demand for the notes was so great that the volume of
requests reached US$ 2.02 billion (almost seven times the amount available).
The term of issue is for 5 years, with a 5.5% coupon p.a. and yield 5.625%
p.a.

The interest in the PanAmericano notes was so great that the books were
closed in only two and a half days. Additionally, the high demand allowed the
bank to lower the initial rate indicator. The resources will be utilized to
improve the bank's capital structure and to expand its credit portfolio,
according to Wilson Roberto de Aro, Financial Director and Director of
Investor Relations at Banco PanAmericano.

Even without holding a physical road show, more than 170 different
investors participated in this deal. Of unique interest is the strong
geographical and investor type diversification, with many investors
participating in a PanAmericano deal for the first time. Today's issue is
part of Banco PanAmericano's Program of US$ 500 million in Medium Term Notes
and will be listed on the Irish Stock Exchange. Moody's gave the operation a
rating of Ba2 (Positive outlook).

Disclaimer: This press release does not constitute a securities offering
for sale in the United States or in any other place. The securities mentioned
above will not be registered under the U.S. Securities Act of 1933, referred
to as the "Securities Act", and cannot be offered or sold in the United
States without having been registered under the Securities Act or with an
exemption from the said Act. Any public security offering made in the United
States must be performed if a prospectus can be obtained from the issuer,
which must contain information about the issuer, including certain
statistical information and other economic information. No public security
offering will be made in the United States, and the issuer has no intention
of registering any part of the offering in the United States.

Rafael Machado of Cia da Informacao, +55-11-3074-3446, rafael at ciadainformacao.com.br