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Cidade de Deus, Osasco, SP, August 24th, 2007

Securities and Exchange Commission
Office of International Corporate Finance
Division of Corporate Finance
Washington, DC

Dear Sirs,

              Banco Bradesco S.A. announces to its shareholders, clients and the market in general that all matters examined in the Special Stockholders’ Meeting, held on this date, was approved as follows:

I. proposals of the Board of Directors for:

1. merger of the total of Stocks representing Banco BMC S.A. (BMC) Capital Stock by Banco Bradesco S.A. (Bradesco), and BMC becoming wholly-owned subsidiary of Bradesco, in accordance with the provisions of Article 224, 225 and 252, Law # 6.404/76, by means of:

a) ratification the appointment of companies to appraise the Stockholders’ Equity of the Companies;

b) approval of the “Instrument of Protocol and Justification of Merger of the Total of Stocks Representing Banco BMC S.A. Capital Stock”, as well as to the Appraisal Reports of the Stockholders’ Equity of the Companies;

c) increase of its Capital Stock, in the amount of R$789,559,000.00, raising it from R$18,000,000,000.00 to R$18,789,559,000.00, by means of issue of 18,599,132 non-par, book-entry, registered stocks, of which 9,299,618 are common stocks and 9,299,514 are preferred stocks, in the proportion of 0.086331545 fraction of Bradesco’s share for each share of BMC, to be attributed to the stockholders of BMC, in which 0.043166014 is fraction of common stock and 0.043165531 is fraction of preferred stock, with the resulting amendment to “caput” of Article 6 of By-laws;

2. increase of its Capital Stock by R$210,441,000.00, raising it to R$19,000,000,000.00, through the capitalization of part of the balance of the “Profit Reserve – Statutory Reserve” account, without the issuance of stock, in accordance with Paragraph One of Article 169 of Law # 6404/76, with the resulting amendment to “caput” of Article 6 of By-laws;

3. partial amendment to the Company’s By-laws, formalizing the creation of the Ombudsman, which is already operating at the Company, in compliance with the Brazilian Monetary Council Resolution # 3,477, as of 7.26.2007; Article 9, improving the wording of letter “e” and including the Ombudsman in letter “p”; in Article 13, specifying the situtations in which the Company may be severally represented by a Member of the Board of Executive Officers or Attorney-in-Fact; in Article 24, increasing from 8 (eight) to 9 (nine) the number of members of the Ethical Conduct Committee; and

4. ratification of the Company’s By-laws, in order to reflect the proposals mentioned in previous items.

II. the utilization of Bradesco’s consolidated financial statements was chosen, when determining the operational limits referred to by Article 1 of the Brazilian Monetary Council Resolution # 2,283, as of 6.5.96, comprising all the financial companies controlled by BMC.

              These deliberations shall be effective after the necessary approval of the process by the Central Bank of Brazil.

Cordially,

Banco Bradesco S.A.
Milton Almicar Silva Vargas
Executive Vice President and
Investor Relations Officer

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This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

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