Press Release

DBRS Releases Report on Espírito Santo Financial Group, S.A.

Banking Organizations

July 12, 2011

DBRS Inc. has today released a rating report on Espírito Santo Financial Group, S.A.

Today’s report is available at www.dbrs.com.

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DBRS Releases Report on Espírito Santo Financial Group, S.A.

Jul 12, 2011

Banking Organizations

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Credit Rating Report:

Espírito Santo Financial Group, S.A.

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DBRS Releases Report on Espírito Santo Financial Group, S.A.

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