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Investor Presentaiton

EXECUTIVE SUMMARY Bidding Process Bidding modality International Competition Selection Criteria Highest Bid (highest premium over minimum upfront concession fee) ✓ Minimum upfront concession fee: BRL 15 million Concession Term ✓ 30 years from the date of signature of the Initial Transfer Term (road stretches are transferred to the concessionaire). Variable Concession Fee ✓ 9% of total revenues - from year 2 Inspection Fee ✓ 3% of total revenues Dynamics of the Auction ✓ Phase inversion: tender session starts by evaluating the commercial proposals. Only the winning bidder will have its qualification documents analyzed (please refer to bidding process section) In case of tie or close commercial proposals (diff. of BRL 15 mln), an auction phase is possible. Participation ✓ Participation equally open to Brazilian and foreign companies, investment funds and supplementary pension entities, without restrictions, except those resulting from the legislation. Rules for Consortia ✓ No limitation on the number of members Each consortium member must meet individually the legal, tax and labor requirements Terms ✓ Period between RfP issuance and tender session: 127 days ✓ Formal Q&A process: from RfP issuance until November 5th SÃO PAULO GOVERNO DO ESTADO ARTESP AGÊNCIA DE TRANSPORTE DO ESTADO DE SÃO PAULO IFC International Finance Corporation WORLD BANK GROUP BNDES IDB 19
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