Investor Presentaiton

Where we are coming from: Total Credit/GDP 50.0% 45.0% 40.0% 35.0% 30.0% 25.0% 20.0% 15.0% Jan/94 Jul/94 Jan/95 Jul/95 Jan/96 Source: Central Bank of Brazil 1 96/Inr Jan/97 Jul/97 Jan/98 86/Inf Jan/99 66/Inf Jan/00 00/inг Jan/01 2 3 TO/Inг Jan/02 Jul/02 Jan/03 Jul/03 Jan/04 Jul/04 Jan/05 Jul/05 Jan/06 90/inf Jan/07 Jul/07 Jan/08 80/Inf Jan/09 60/Inf DYNAMO Administração de Recursos Jan/10

View entire presentation