Investor Presentaiton

Brazil Trade Flow: main partners 2000 2014 Country Part. Country Part. United States 23.7% China 17.2% Argentina 11.9% United States 13.7% Germany 6.3% Argentina 6.3% Japan 4.9% Germany 4.5% Italy 3.9% The Netherlands 3.6% France Netherlands 3.3% Japan 2.8% 3.2% South Korea 2.7% United Kingdom 2.5% India 2.5% Mexico 2.2% Nigeria 2.3% Belgium 2.1% Italy 2.3% Subtotal (top 10) 64.1% Subtotal (top 10) 57.7% Total 100.0% Total 100.0% Source: Ministry of Development. Industry and Trade (1) Main logistics hub of Europe BRAZILIAN ECONOMY OVERVIEW

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