Banco Alfa de Investimento, S.A. (BOVESPA:BRIV4) announces a share repurchase program. Under the program, the company will repurchase up to 330,000 common shares representing 4.34% of the shares outstanding for up to BRL 2,070,000.00. The shares repurchased will be cancelled with no capital reduction. The company will fund the program from the funds available in its cash flow and from the reserves available in the capital reserves account. The program will run until May 13, 2019. At October 31, 2017, the company had 7,601,960 shares outstanding.