Grendene Business Overview

Results (IFRS) Gross profit / Gross margin CAGR (2006-10): 6.9% Change % (9M10/9M11): (5.4%) (R$ million) EBIT / EBIT margin CAGR (2006-10): 5.0% Change % (9M10/9M11): (18.6%) 651 566 499 506 519 421 398 175 173 161 151 45,1% 42,2% 41,5% 38,9% 40,6% 40,8% 37,7% I 15,8% 14,5% 12,9% 10,4% 2010 9M10 9M11 2006 2007 2008 2009 212 114 GrendeneⓇ 93 13,2% 10,2% 9,5% 2010 9M10 9M11 27

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