Investor Presentaiton

Global Macroeconomic Data BANCO DO BRASIL Seguridade 2011 2012 2013 2014E 2015E 2016E World Economy - GDP Growth World1 2.8% 2.5% 2.4% 3.2% 3.4% 3.5% USA¹ 1.8% 2.7% 1.8% 2.8% 2.9% 3.0% Euro Zone1 China¹ Brazilian Economy 1.5% -0.6% -0.4% 1.1% 1.4% 1.5% 9.3% 7.7% 7.7% 7.7% 7.5% 7.5% GDP Growth Brasil² 2.7% 0.9% 2.3% 1.7% 1.9% 2.6% SELIC (ends of period)² 11.0% 7.3% 10.0% 11.3% 12.3% 11.0% SELIC (year avarage )² 11.7% 8.5% 8.4% 11.0% 12.0% 11.4% Inflation (IPCA)² 6.5% 5.8% 5.9% 6.4% 6.0% 5.5% Inflation (IGP-M)² 5.1% 7.8% 5.5% 7.2% 5.5% 5.3% Dollar (quotation in R$)² 1.86 2.05 2.34 2.45 2.50 2.58 1. Source: World Bank, 2. Source: Focus - Bacen do Brasil BB Seguridade Participações S.A. | Investor Relations 15

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