Investor Presentaiton

Brazilian Economic Growth drivers in the first decade of the 2000s ✓ Macroeconomic Balance: fiscal balance. stable inflation and trade surplus; ✓ Social Inclusion: credit and wage growth; ✓ Foreign Trade: agricultural and mineral commodities well performed; ✓ Infrastructure: renewable resources as base for the energy matrix; BRAZILIAN ECONOMY OVERVIEW The Economist OVER 36TH-20TH 2009 Economist.com The decline of music piracy Nigeria gets better Farmers v greens in America How drugs are being decriminalised Bland bosses Brazil takes off A 14-PAGE SPECIAL REPORT ON LATIN AMERICA'S BIG SUCCESS STOL The Economist cover on September the 28th, 2013.

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