Investor Presentaiton

Netherlands UK Switzerland BB Seguridade Participações S.A. | Investor Relations 156% 170% Global Macroeconomic Scenario - Pension Plans Pension market is growing in Brazil due to the life expectation increase Pension Assets/GDP (%) 2 ՏՈ 112% 131% 118% 122% Australia 1. Brazil Pension Assets only include those from closed entities 2. Assets/GDP ratio for the world is calculated in USD and assets were estimated as of 31 Dec 2013 113% 108% 105% 101% Canadá South Africa 84% 80% Japan 67% 64% 2012 2013 62% 65% 55% 59% Ireland Hong Kong 40% 41% Germany 15% 14% 14% 13% 7% 6% Brazil¹ Source: Towers Watson France 19 #9 In assets BANCO DO BRASIL Seguridade

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