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

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

August 17, 2007

    SAO PAULO, Brazil, Aug. 17 /Xinhua-PRNewswire/ -- 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  






    For more information, please contact:

     Fernando Macedo or Gerardo Soares
     Tel:  [phone]