Banco Itau Holding Financeira S.A. Announcement to the Market

SAO PAULO, Brazil, Aug. 16  /PRNewswire-FirstCall/ -- Banco Itau Holding Financeira S.A. issues the following:

1. At this moment of significant volatility in capital markets, and in line with the best practices of information disclosure and Corporate Governance, Banco Itau Holding Financeira S.A. ("Itau") and its controlled / affiliated companies hereby inform that they have not made or recorded in their books any credit operations in "subprime" market (loans or investments in high-risk housing credits in the United States or any other countries) and structured operations known as "CDOs" (Collateralized Debt Obligation), which consist of securitization of assets portfolio which could include loans to "subprime" market. We also inform that the values associated with the bridge loans for issue of shares are immaterial.

2. We emphasize that assets referred to above are not part of the Holding Investment Policy, the execution and implementation of which is strictly supervised by our Internal Control and Risk Management sectors.

3. This information is consistent with Itau's strategy of relationship with the capital markets, is transparent and makes the shareholders aware of their operations.

  ALFREDO EGYDIO SETUBAL
  Investor Relations Officer

  CONTACT:
  Fernando Macedo or Gerardo Soares
  5511-5019-1549


DATASOURCE: Banco Itau Holding Financeira S.A.



CONTACT:  Fernando Macedo or Gerardo Soares, both of Banco Itau Holding

Financeira, +011-5511-5019-1549



Web site:  http://www.itau.com/ 

Copyright