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Capital Increase – Caixa Económica of Cape Verde S.A

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On November 30 through December 16, 2009, a Capital Increase for Caixa Económica of Cape Verde S.A. will take place, raising its capital base from 348,000,000 CVE to 1.392.000.000 CVE by issuing 1,044,000 new ordinary shares, book-entry, with a nominal value of 1.000 escudos each according to the published notice in the Listing Bulletin of the Cape Verde Stock Exchange, November 25, 2009. The number of new shares that can be subscribed to is up to three (3) times the amount of  the shareholder´s current holdings, at the price of 1000 Escudos. The preferential time period for shareholders to trade their subscription rights at the stock exchange is November 30 to December 14, 2009 and the physical and financial settlement will take place on December 17, 2009.  It is stressed that subscription rights represent securities of which their listed value ceases to exist after December 14, by which, in the case where shareholders do not intend to proceed with the trading exercise, sales orders for new shares can be sent to the Stock Exchange up until December 14, 2009.  The time period for exercising new subscription rights is November 30 to December 16, 2009. If you wish to participate in this Capital Increase respective orders can be sent in up until December 16, 3:00 pm at any branch of a participating financial institution. To see CECV quotation of subscription rights, visit www.bvc.cv.

Price and Reference Dates for CECV S.A.  Capital Increase
Price $ 1000 for each subscribed share
Factor (ratio of subscription) The number of new shares that can be subscribed to is up to three (3)  times the amount of their current holdings
Period of Trading Subscription Rights Period Period for Trading Subscription Rights  November 30 to December 14, 2009
 Period for Exercising Subscription Rights November 30 to December 14, 2009 (1)
Date from which the subscription orders become irrevocable  December 14, 2009 (inclusive)
 Physical and Financial Settlement of Shares Subscribed December 16, 2009
Admission to trading at the Cape Verde Stock Exchange  December 17, 2009 (2)
(1) The subscription rights not exercised will expire at the end of the subscription period. 
(2) Due date. Prospectus for Capital Increase- Cape Verde, S.A To consult the available prospectus on the BCV and CECV sites, in which you are encouraged to do, click here.To clarify any questions related to the Offer we recommend that you contact the Cape Verde Stock Exchange, the issuing entity – Caixa Economica of Cape Verde, or its financial intermediaries. You can also contact the BVC through its site address www.bvc.cv, email address   This e-mail address is being protected from spambots. You need JavaScript enabled to view it or by telephone 230 30 30.
 
 

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