Itaú Unibanco Holding S.A. - Material Fact: 2019 Revised Projections

SÃO PAULO, May 2, 2019 /PRNewswire/ -- In compliance with the provisions of Article 157, Paragraph 4, of Law No. 6,404/76 and the Brazilian Exchange Commission (CVM) Instruction No. 358/02, Itaú Unibanco Holding S.A. ("Itaú Unibanco" or "Company") informs its shareholders and the market in general that, as of this date, it has revised its projections for 2019, as reported on item 11 (Projections) of the Reference Form.

(1) Includes units abroad ex-Latin America;
(2) Includes financial guarantees provided and corporate securities;
(3) Composed of Result from Loan Losses, Impairment and Discounts Granted;
(4) Commissions and Fees (+) Revenues from Insurance, Pension Plan and Premium Bonds Operations (-) Expenses for Claims (-) Insurance, Pension Plan and Premium Bonds Selling Expenses.

It is noteworthy mentioning, currently, the Company considers, for management purposes, a cost of capital of around 13.5% per year.

Information on business trends, and operational and financial projections and targets are to be construed as mere estimates, based on Management's expectations concerning the future of Itaú Unibanco. These expectations are highly dependent on market conditions, the general economy performance of Brazil, our business sector and international markets. Therefore, our actual results and performance might differ from those estimated in this forward-looking information.

São Paulo (SP), May 2, 2019.

ALEXSANDRO BROEDEL
Group Executive Finance Director and Head of Investor Relations 

SOURCE Itaú Unibanco Holding S.A.