Grendene Business Overview

Milhões de pares/ano 0 2001 2002 2003 2004 Grendene® Exports: Grendene vs. Brazil Exportação Brasileira CAGR (2001-10): (2,0%) CAGR (2001-11): (4,1%) Grendene CAGR (2001-10): 15.5% VAR. (9M11/9M10): (27.0%) Var. (9M11/9M10): (24,7%) 250 60 55 212 48 48 50 200 189 190 180 177 171 164 166 143 150 127 113 109 100 82 Million pairs/year 40 41 40 32 27 29 28 30 2015 16 50 10 2005 2006 2007 2008 2009 2010 2011 9M10 9M11 0 Source: DECEX / MDIC / ABICALÇADOS Grendene's exports were 36.1% of total Brazilian footwear exports in 9M11 (37.2% in 9M10). 2007 2008 2009 2010 12 9M10 9M11 30

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