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BHG announces conclusion of debenture issue
Operation was completed on December 28, 2012 and involved the issue of seven thousand (7,000) debentures

SAO PAULO, Jan. 2, 2013 /PRNewswire/ -- BHG S.A. - Brazil Hospitality Group (BM&FBovespa: BHGR3; OTC: BZHGY) announces the conclusion of its debenture issue on December 28, 2012. The operation began on December 17, 2012 and involved the issue of seven thousand (7,000) debentures with a nominal unit value of ten thousand reais (R$10,000.00).

The debentures will pay interest equivalent to one hundred percent (100%) of the one-day interbank deposit rate (DI), based on a year of 252 business days, calculated by CETIP S.A. and disclosed on a daily basis on its website (http://www.cetip.com.br), plus one and eight-tenths of a percent (1.80%) per year of 252 business days.

The Company raised seventy million reais (R$70,000,000.00) through the issue, which will be used to pay off its short-term debt and strengthen its cash position. The issue's lead manager was Banco Itau BBA S.A.

As announced at the time, the operation was in line with the Company's strategy of extending its debt profile and reducing its associated financial cost.

The debentures will mature after three (3) years on December 17, 2015.

Who we are:
BHG S.A. - Brazil Hospitality Group, the country's third largest hotel chain, is the first Brazilian company to operate in the real estate segment specializing in business tourism hotels, with owned and managed hotels in the 3-, 4- and 5-star categories. The Company currently has 48 hotels, with 8,539 rooms in operation.

The exclusive contract with the Golden Tulip Hospitality Group in South America allows it to use the Royal Tulip (5-star), Golden Tulip (4-star) and Tulip Inn (3-star) brands.  BHG also has the Soft Inn brand, used for limited-service 2-star hotels, which offer an attractive cost-benefit ratio for business tourism.

BHG is a publicly-held company with shares traded on the Novo Mercado segment of the BM&FBOVESPA's under the ticker BHGR3, and a Level I ADR program for trading its shares on the over-the-counter (OTC) market in New York, United States, under the ticker BZHGY. In September 2012, BHG announced the beginning of a FIP - Private Equity Fund, with the purpose of investing in the development of greenfield real estate projects in the domestic hotel sector, in the midscale category. The development of greenfield hotels will be one of the key growth drivers for BHG in the coming years.

Media Relations
BHG S.A. - Brazil Hospitality Group
Fernanda Pannunzio
fpannunzio@bhg.net
11.3577.2302 / 11.9668.7249
www.bhg.net

SOURCE BHG S.A. - Brazil Hospitality Group

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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