Grendene Business Overview

Million pairs/year Grendene® Grendene x Brazilian footwear sector Brazilian production CAGR (2001/2010): 4.3% Grendene CAGR (2001/2010): 6.7% CAGR (9M10/9M11): (17.2%) 1000 897 916 180 877 894 166 169 900 830 808 816 814 160 145 146 146 800 700 642 610 600 500 400 300 200 100 Million pairs/year 140 130 132 121 116 120 94 100 80 60 40 20 0 2001 2002 2003 2004 Source: IEMI / Abicalçados 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 9M10 9M11 Grendene has grown faster than the Brazilian footwear industry. 11 120 100

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