INTEGRATED REPORT 2016 BRADESCO

Independent Auditor’s Limited Assurance Report

G4-33

To the
Board of Directors and Shareholders of
Banco Bradesco S.A.
Osasco – SP

Introduction

We were engaged by Banco Bradesco S.A. (“Bradesco” or “Bank”) to present our limited assurance report on the compilation of the sustainability information contained in the Bradesco Integrated Report (“2016 Integrated Report”), as described in the “GRI Content Index”, for the year ended on December 31^st, 2016.

Responsibilities of Company Management

The Bradesco management is responsible for the adequate elaboration and presentation of the sustainability information in this Integrated Report in accordance with the guidelines for Global Reporting Initiative Sustainability Reports (GRI-G4) and with the internal controls it determined were necessary to permit the elaboration of this information free of material misstatement or distortion, whether caused by fraud or by error.

Responsibility of the Independent Auditors

Our responsibility is to express a conclusion on the sustainability information contained in the 2016 Integrated Report, based on limited assurance work conducted in accordance with Technical Communication CT 07/12, approved by the Brazilian Federal Accounting Council and elaborated based on Brazilian Accounting Standard NBC TO 3000 – Assurance Engagements other than Audit and Review, issued by the Federal Accounting Council (CFC), which is equivalent to the International Federation of Accountants’ international ISAE 3000 standard, applicable to non-historical information. These standards require that we comply with ethical requisites, including independence requirements, and that we perform the engagement to obtain limited assurance as to whether the sustainability information contained in the 2016 Integrated Report, taken as a whole, is free of material misstatement.

A limited assurance engagement conducted in accordance with NBC TO 3000 (ISAE 3000) consists primarily of questioning the Bank management and other Bradesco staff involved in preparing the sustainability information contained in the 2016 Integrated Report, and in applying analytical procedures to obtain evidence that allows us to reach a conclusion, in the form of limited assurance, on the information taken as a whole. A limited assurance engagement also requires additional procedures to be carried out, when the independent auditor becomes aware of matters leading him/her to believe that the information contained in the 2016 Integrated Report, taken as a whole, may contain material distortions or misstatements.

The selected procedures are based on our understanding of aspects relative to compiling and presenting the sustainability information contained in the 2016 Integrated Report and of other circumstances related to the engagement, as well as the consideration of areas in which material distortions might occur. The procedures included:

(a) planning the work, taking into account the relevance, the volume of quantitative and qualitative information and the operating and internal control systems that served as a basis for preparing the sustainability information in the 2016 Integrated Report;

(b) understanding the calculation methodology and the procedures used to compile the indicators, by means of interviews with the managers responsible for preparing the information;

(c) applying analytical procedures to the quantitative information and making inquiries about the qualitative information and its correlation with the indicators corresponding to the sustainability information in the 2016 Integrated Report; and

(d) comparing the financial indicators with the financial statements and/or accounting records.

The limited assurance work also encompassed verification of adherence to the Global Reporting Initiative (GRI-G4) guidelines and the reporting framework applicable in the preparation of sustainability information disclosed in the Integrated Report for the year ended December 31^st 2016.

We believe that the evidence obtained in our work is sufficient and appropriate as a basis for the limited scope of our conclusion.

Scope and Limitations

The procedures performed in a limited assurance engagement are substantially less extensive than those applied in an assurance engagement aimed at issuing an opinion on the sustainability information contained in the 2016 Integrated Report. It is, therefore, not possible for us to be sure that we are aware of all the matters that would be identified in an assurance engagement aimed at issuing an opinion. Had we performed an engagement for the purpose of issuing an opinion, we might have identified other matters and possible distortions that may exist in the information contained in the 2016 Integrated Report. Consequently, we are not expressing an opinion on this information.

Non-financial data is subject to more inherent limitations than financial data, given the nature and the diversity of the methods used to determine, calculate or estimate it. Qualitative interpretations of the materiality, relevance and accuracy of the data are subject to individual assumptions and to judgments. Furthermore, we did not undertake any work related to future projections and goals.

Conclusion

Based on the procedures performed, as described in this report, nothing has come to our attention that might lead us to believe that the sustainability information contained in the 2016 Integrated Report, as described in the “GRI Content Index”, was not compiled, in all material aspects, in accordance with the Global Reporting Initiative (GRI-G4) guidelines for sustainability reports and with the records and files that were used as the basis for its preparation.

Osasco, March 7, 2017