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Investor Presentaiton

Raia Drogasil S.A. + ■ " " ■ Merger of equals between Raia S.A. and Drogasil S.A., two leading Brazilian drugstore chains with 181 years of combined history, with shared control by majority shareholders who are members of the founding families; More than 750 stores in 9 states of Brazil, which represent 80% of the Brazilian pharmaceutical market, and a national market share of only 8.7%; R$ 4.5 billion in revenues, R$ 248 MM of EBITDA and R$ 129MM of net income (last twelve months); Differentiated business model with a dual brand strategy, high returns on invested capital, and strong potential synergies and economies of scale to be captured; Strong organic growth & acquisition track record, with a combined net addition of more than 400 stores since 2007, a significant increase over the 331 stores at the end of 2006; ■ Unparalleled combination of scale, efficiency and financial flexibility in the Brazilian drugstore industry. Droga Raia DROGASIL 4
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