Grendene Business Overview

Results (IFRS) (R$ million) EBITDA / EBITDA margin CAGR (2006-10): 4.1% Change % (9M10-9M11): (15.4%) Net income / Net margin CAGR (2006-10): 5.0% Change % (9M10-9M11): (3.1%) 205 201 187 241 11 18,5% 16,7% 15,0% 177 12,2% 15,0% 135 12,1% 11,7% 2006 2007 2008 2009 2010 9M10 9M11 312 272 257 261 239 23,3% 21,7% 114 2006 2007 190 184 19,2% 18,7% 19,5% 17,0% 18,8% 2008 2009 2010 9M10 9M11 28 GrendeneⓇ

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