Grendene Business Overview

Grendene® Main financial and economic indicators 9M10 9M11 Change % 9M10- 9M11 R$ million Net sales revenue Net income Margins % Gross EBIT EBITDA Net ¡PANEMA 1,116.4 975.7 (12.6%) 189.7 183.9 (3.1%) 9M10 9M11 Change p.p. 37.7% 40.8% 3.1 10.2% 9.5% (0.7) 12.1% 11.7% (0.4) 17.0% 18.8% 1.8 24

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