Banco Bradesco Announces Net Income Of R$ 2.0 Billion in the First 9 Months of 2004.

SAO PAULO, Brazil -- The conference call line, under the third graph, should read: "Conference Call: October 29, 2004 (tomorrow)" sted "Conference Call: Tuesday, October 29, 2004 (tomorrow)."

The corrected release reads:

BANCO BRADESCO ANNOUNCES NET INCOME OF R$ 2.0 BILLION IN THE FIRST 9 MONTHS OF 2004

Banco Bradesco (NYSE:BBD) (BOVESPA: BBDC4 and BBDC3) (Latibex: XBBDC), reported net income of R$ 2.0 billion for the period from January 1 to September 30, 2004 (or earnings per share of R$ 12.66), compared to net income of R$ 1.6 billion for the same period in 2003, up by 25.8%. Annualized return on average stockholders' equity (ROAE) at September 30 stood at 20.0%.

72% of total net income for the third quarter, in the amount of R$ 752.3 million, was derived from banking and 27% from insurance, private pension plan and savings bond activities.

As part of our strategy to increase shareholder value, we paid (or accrued), in the first nine months period of this year, an amount of R$ 984.5 million in interest attributed to own capital (R$ 326.1 million in 1Q04, R$ 325.3 million in 2Q04 and R$ 333.1 million in 3Q04).

Conference Call: October 29, 2004 (tomorrow)

In English:
10:00 a.m. (New York time - US ET)
USA and International: ([phone]
ID Code: Bradesco or 5309832

In Portuguese:
8:30 a.m. (New York time - US ET)
Brazil and International: (55 11) 2101-0099
ID Code: Bradesco

Simultaneous Webcast (audio and slides):
http://www.bradesco.com.br/ir/

Full Release:
http://200.189.182.180\ri\english\DivulgacaoResultados\1004\index_ing.
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Highlights:

    --  Banco Bradesco totaled 15.3 million checking accounts,
        comprising 14.3 million individual and 1 million companies,
        and 32.1 million savings accounts.

    --  The Bradesco Insurance Group has more than 10.3 million
        policyholders, 2.8 million savings bond customers and 1.5
        million private pension plan participants.

    --  Our card base comprises 45.2 million cards: 38 million debit
        and 7.2 million credit cards.

    --  At the end of September, BRAM had more than 2.7 million
        investment quotaholders.

For additional information, please contact Bradesco Investor Relations: Jean Philippe Leroy (Tel: [phone] or e-mail: [e-mail]), Luiz Osorio Leao Filho (Tel: [phone] or e-mail: [e-mail]) and Andressa Vallilo Ramalho (Tel: [phone] or e-mail: [e-mail]).