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<SEC-DOCUMENT>0001292814-11-000349.txt : 20110211
<SEC-HEADER>0001292814-11-000349.hdr.sgml : 20110211
<ACCEPTANCE-DATETIME>20110211081901
ACCESSION NUMBER:		0001292814-11-000349
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20100930
FILED AS OF DATE:		20110211
DATE AS OF CHANGE:		20110211

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP
		CENTRAL INDEX KEY:			0001170858
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER SUPPLY [4941]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31317
		FILM NUMBER:		11595016

	BUSINESS ADDRESS:	
		STREET 1:		RUA COSTA CARVALHO, 300
		STREET 2:		SAO PAULO
		CITY:			SP
		STATE:			D5
		ZIP:			05429-900
		BUSINESS PHONE:		011-55-11-3388-8000

	MAIL ADDRESS:	
		STREET 1:		RUA COSTA CARVALHO, 300
		STREET 2:		SAO PAULO
		CITY:			SP
		STATE:			D5
		ZIP:			05429-900
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>sbsitr3q10_6k.htm
<DESCRIPTION>ITR 3Q10
<TEXT>

<HTML>
<HEAD>
   <TITLE>sbsitr3q10_6k.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">


<HR align=left color=#000000 noShade SIZE=2>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=3><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=3><B>Washington, DC 20549 </B></FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<HR align=center width="25%" color=#000000 noShade SIZE=1>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=3><B>FORM 6-K</B></FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=3><B>REPORT OF FOREIGN ISSUER</B><BR>
<B>PURSUANT TO RULE 13a-16 OR 15d-16 OF THE</B></FONT></DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=3><B>SECURITIES EXCHANGE ACT OF 1934</B></FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<P></P>
<DIV align=center>
<DIV><FONT face="Times New Roman" color=#000000 size=2><B>For&nbsp;November 30, 2010</B></FONT></DIV>
<P></P>
<FONT face="Times New Roman" color=#000000 size=2><B>(Commission File No. 1-31317) </B></FONT></DIV>
<P></P>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<HR align=center width="25%" color=#000000 noShade SIZE=1>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=3><B>Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo - SABESP </B></FONT></DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=2><I>(Exact name of registrant as specified in its charter) </I></FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<DIV align=center></DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=3><B>Basic Sanitation Company of the State of Sao Paulo - SABESP </B></FONT></DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=2><I>(Translation of Registrant's name into English) </I></FONT></DIV>
<DIV><FONT size=1></FONT>&nbsp;</DIV>
<HR align=center width="25%" color=#000000 noShade SIZE=1>
<BR>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=2><B>Rua Costa Carvalho, 300 <BR>
S&#227;o Paulo, S.P., 05429-900 <BR>
Federative Republic of Brazil </B></FONT></DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=2><I>(Address of Registrant's principal executive offices) </I></FONT></DIV><BR>
<HR align=center width="25%" color=#000000 noShade SIZE=1>
<BR>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=2>Indicate by check mark whether the registrant files or will file <BR>
annual reports under cover Form 20-F or Form 40-F. <BR>
<BR>
Form 20-F ___X___ Form 40-F ______</FONT></DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=2>Indicate by check mark if the registrant is submitting the Form 6-K <BR>
in paper as permitted by Regulation S-T Rule 101(b)(1)__.</FONT></DIV>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=2>Indicate by check mark if the registrant is submitting the Form 6-K <BR>
in paper as permitted by Regulation S-T Rule 101(b)(7)__.</FONT></DIV>
<P></P>
<P align=center><FONT face="'Times New Roman, Times, Serif'" size=2>Indicate by check mark whether the registrant by furnishing the <BR>
information contained in this Form is also thereby furnishing the <BR>
information to the Commission pursuant to Rule 12g3-2(b) under <BR>
the Securities Exchange Act of 1934. <BR>
<BR>
Yes ______ No ___X___</FONT></P>
<P></P>
<P></P>
<DIV align=center><FONT face="Times New Roman" color=#000000 size=2>If "Yes" is marked, indicated below the file number assigned to the<BR>
registrant in connection with Rule 12g3-2(b):</FONT>
<P></P>
</DIV>
<P></P>
<HR align=left color=#000000 noShade SIZE=2>
<H5 style="PAGE-BREAK-BEFORE: always" align=left>&nbsp;&nbsp;</H5>
<A name="page_1"></A>
<a name="_bclPageBorder1"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader1"></a><DIV>
<DIV align=left>
<TABLE style="WIDTH: 100%; mso-padding-alt: 0in 5.4pt 0in 5.4pt; mso-yfti-tbllook: 480" cellSpacing=0 cellPadding=0 border=0>
<TR style="mso-yfti-firstrow: yes; mso-yfti-irow: 0; mso-yfti-lastrow: yes">
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="54%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT style="FONT-SIZE: 9pt" face="Courier New">PUBLIC FEDERAL SERVICE</FONT></B></FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT style="FONT-SIZE: 9pt" face="Courier New">CVM - SECURITIES EXCHANGE COMMISSION</FONT></B></FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT style="FONT-SIZE: 9pt" face="Courier New">ITR - QUARTERLY INFORMATION&nbsp;&nbsp; <B><FONT style="mso-bidi-font-weight: normal"><B><FONT style="FONT-SIZE: 9pt" face="Courier New">09/30/2010</FONT></B></FONT></B></FONT></B></FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT style="FONT-SIZE: 9pt" face="Courier New">COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES</FONT></B><FONT style="mso-spacerun: yes"><B><FONT style="FONT-SIZE: 9pt" face="Courier New">&nbsp; </FONT></B></FONT></FONT></B></P>
</TD>
     <TD vAlign=center align=center width="12%">
<P style="MARGIN: 0in 0in 0pt" align=center><B><FONT style="mso-bidi-font-weight: normal"><B><FONT style="FONT-SIZE: 9pt" face="Courier New"></FONT></B></FONT></B>&nbsp;</P>
</TD>
     <TD vAlign=center align=center width="34%">
<P style="MARGIN: 0in 0in 0pt" align=center><B><FONT style="mso-bidi-font-weight: normal"><B><FONT style="FONT-SIZE: 9pt" face="Courier New">Corporate Legislation</FONT></B></FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="mso-spacerun: yes"><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Courier New"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Courier New"></FONT>&nbsp;</P>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid">
<DIV style="PADDING-RIGHT: 7.95pt; PADDING-LEFT: 7.95pt; PADDING-BOTTOM: 4.35pt; PADDING-TOP: 4.35pt"><B><FONT style="FONT-SIZE: 8pt" face=Arial,sans-serif>REGISTRATION WITH THE CVM DOES NOT IMPLY ANY ANALYSIS OF THE COMPANY. MANAGEMENT IS RESPONSIBLE FOR THE ACCURACY OF THE INFORMATION PROVIDED</FONT></B><B><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">.</FONT></B></DIV></TD></TR></TABLE>
<DIV align=left>&nbsp;</DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">01.01</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">- IDENTIFICATION</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="15%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">1 - CVM CODE</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">01444-3</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="56%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">2 - COMPANY&#146;S NAME</FONT></P>
<H1 style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT lang=PT-BR style="FONT-WEIGHT: normal; FONT-SIZE: 8pt; TEXT-DECORATION: none" face="Times New Roman,serif">CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO</FONT></H1></TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="29%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">3 -Federal Taxpayers' Registration Number (CNPJ)</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">43.776.517/0001-80</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="100%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">4 - </FONT><B><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">State Registration Number - NIRE</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">35300016831</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">01.02</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">- HEAD OFFICE</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="59%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">1 - ADDRESS</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Rua Costa Carvalho, 300</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">2 - SUBURB OR DISTRICT</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Pinheiros</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">3 - POSTAL CODE</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">05429-900</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="63%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">4 - MUNICIPALITY</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">S&#227;o Paulo</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="17%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">5 - STATE</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">SP</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">6 - AREA CODE</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="19%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">7 - TELEPHONE</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3388-8000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">8 - TELEPHONE</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3388-8200</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="24%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">9 - TELEPHONE</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3388-8201</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="17%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">10 - TELEX</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">11 - AREA CODE</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="19%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">12 - FAX</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3813-0254</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">13 - FAX</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="24%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">14 - FAX</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="17%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="100%" colSpan=5>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">15 - E-MAIL</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">sabesp@sabesp.com.br</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">01.03</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;- INVESTOR RELATIONS OFFICER (Company&#146;s Mail Address) </FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none" cellSpacing=0 cellPadding=0 border=0>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="100%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">1 - NAME</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Rui de Britto &#193;lvares Affonso</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="64%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">2 - ADDRESS</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Rua Costa Carvalho, 300</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="36%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">3 - SUBURB OR DISTRICT</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Pinheiros</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="22%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">4 - POSTAL CODE</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">05429-900</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="69%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">5 - MUNICIPALITY</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">S&#227;o Paulo</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">6 - STATE</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">SP</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="22%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">7 - AREA CODE</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="21%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">8 - TELEPHONE</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3388-8247</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="21%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">9 - TELEPHONE</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 3388-8386</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="18%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">10 - TELEPHONE</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="18%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">11 - TELEX</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="22%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">12 - AREA CODE</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="21%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">13 - FAX</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3815-4465</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="21%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">14 - FAX</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="18%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">15 - FAX</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="18%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="100%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">16 - E-MAIL</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">raffonso@sabesp.com.br</FONT></P>
</TD></TR>
<TR height=0>
     <TD width="22%"></TD>
     <TD width="21%"></TD>
     <TD width="21%"></TD>
     <TD width="18%"></TD>
     <TD width="9%"></TD>
     <TD width="9%"></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">01.04</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;- GENERAL INFORMATION/INDEPENDENT ACCOUNTANT </FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 11.35pt">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11.35pt" width="25%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">CURRENT YEAR</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11.35pt" width="38%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">CURRENT QUARTER</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11.35pt" width="37%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">PRIOR QUARTER</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">1 -BEGINNING</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">2 - END</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">3 - QUARTER</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">4 -BEGINNING</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">5 - END</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">6 - QUARTER</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">7 -BEGINNING</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">8 - END</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">01/01/2010</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12/31/2010</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">07/01/2010</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">09/30/2010</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">04/01/2010</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">06/30/2010</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="75%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">9 - INDEPENDENT ACCOUNTANT </FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">PRICEWATERHOUSECOOPERS INDEPENDENT AUDITORS</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="25%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">10 - CVM CODE</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">00287-9</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid" width="75%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">11 - PARTNER RESPONSIBLE </FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">VALDIR RENATO COSCODAI</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid" width="25%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">12 - INDIVIDUAL TAXPAYERS' REGISTRATION NUMBER OF THE PARTNER RESPONSIBLE </FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">031.065.768-71</FONT></P>
</TD></TR></TABLE></DIV>
<DIV align=center>&nbsp;</DIV>
<DIV align=center>&nbsp;</DIV>
<DIV align=right><B>Page: 1</B></DIV>
<DIV align=center><STRONG></STRONG>&nbsp;</DIV>
<DIV align=center><STRONG></STRONG>&nbsp;</DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV></DIV>


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<a name="_bclHeader2"></a><DIV>
<DIV align=left><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</DIV></DIV>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">01.05</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;- CAPITAL COMPOSITION </FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="25%"> <H2 style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">NUMBER OF SHARES</FONT></B></H2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(thousand)</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">1 - </FONT></B><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">CURRENT QUARTER</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">09/30/2010</FONT></B></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">2 - PRIOR QUARTER</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">06/30/2010</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">3 - SAME QUARTER IN PRIOR YEAR</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">09/30/2009</FONT></B></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="100%" colSpan=4> <H2 style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">Paid-up Capital</FONT></B></H2></TD></TR>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1 - Common </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">227,836</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">227,836</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">227,836 </FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2 - Preferred </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0 </FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3 - Total</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">227,836</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">227,836</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">227,836 </FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="100%" colSpan=4> <H2 style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">Treasury Shares</FONT></B></H2></TD></TR>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4 - Common </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">5 - Preferred </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">6 - Total</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="25%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">01.06</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">- CHARACTERISTICS OF THE COMPANY</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none" cellSpacing=0 cellPadding=0 border=0>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">1 - TYPE OF COMPANY</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Commercial, Industrial and Other </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="100%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">2 - SITUATION</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Operational</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">3 - NATURE OF OWNERSHIP</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">State-owned</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">4 - ACTIVITY CODE</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1160 - Sanitation, Water and Gas Services</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="100%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">5 - MAIN ACTIVITY</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Water Capture, Treatment and Distribution; Sewage Collection and Treatment </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="100%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">6 - TYPE OF CONSOLIDATION</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">7 - TYPE OF REPORT OF INDEPENDENT ACCOUNTANTS</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Unqualified</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">01.07</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;- COMPANIES NOT INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS </FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none" cellSpacing=0 cellPadding=0 border=0>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="32%">
<P style="MARGIN: 3pt 0in; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">1 - ITEM</FONT></B></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="33%">
<P style="MARGIN: 3pt 0in; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">2 - CNPJ</FONT></B></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="35%">
<P style="MARGIN: 3pt 0in; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">3 - NAME</FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">01.08</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">- DIVIDENDS APPROVED AND/OR PAID DURING AND AFTER THE QUARTER </FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">1 - ITEM</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="24%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">2 - EVENT</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="11%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">3 - DATE OF</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">APPROVAL</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="16%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">4 - TYPE</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">5 - DATE OF</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">PAYMENT</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="18%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">6 - TYPE OF</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">SHARE</FONT></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">7 - AMOUNT PER SHARE</FONT></P>
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<DIV><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Courier New"></FONT></B></FONT></FONT></B>&nbsp;</DIV>
<DIV style="TEXT-ALIGN: right"><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Courier New">Page: 2</FONT></B></FONT></FONT></B> </DIV>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">01.09</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">- SUBSCRIBED CAPITAL AND ALTERATIONS IN THE CURRENT YEAR </FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">1 - ITEM</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">2 - DATE OF</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">ALTERATION</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">3 - CAPITAL </FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">(R$ thousand)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">4 - AMOUNT OF THE</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">ALTERATION</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">(R$ thousand)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">5 - NATURE OF</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">ALTERATION</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">7 - NUMBER OF SHARES</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">ISSUED </FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">(Thousand)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">8 - SHARE PRICE ON ISSUE DATE</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman,serif">(Reais)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">01.10</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;- INVESTOR RELATIONS OFFICER </FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">1 - Date</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11/12/2010</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">2 - SIGNATURE</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
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<a name="_bclHeader4"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">02.01 - BALANCE SHEET - ASSETS (In thousands of Brazilian reais - R$)</FONT></B></DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1 - Code</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2 - Description</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3 - 09/30/2010</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4 - 06/30/2010</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total assets</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>23,536,912</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>22,879,162</FONT></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Current assets</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>3,420,418</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>3,138,500</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cash and cash equivalents</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,365,038</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,046,840</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01.01.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cash &amp; Cash Equivalents</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,365,038</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,046,840</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Receivables </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,192,051</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,239,243</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01.02.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Trade accounts receivable</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,040,653</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,083,895</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01.02.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sundry receivables </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>151,398</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>155,348</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01.02.02.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Balances &amp; Transactions with Related Parties</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>151,398</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>155,348</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Inventories</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>29,994</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>31,101</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01.03.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Storeroom supplies - operations </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>29,994</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>31,101</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>833,335</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>821,316</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01.04.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Taxes Recoverable</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>10,357</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>4,773</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01.04.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Deferred Income Taxes &amp; Social Contribution</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>276,831</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>263,369</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01.04.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Agreement with Sao Paulo City Hall</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>151,295</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>172,174</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01.04.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cef&nbsp; - Deb&#234;ntures</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>337,846</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>330,587</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01.04.05</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other receivables</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>57,006</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>50,413</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Noncurrent assets</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>20,116,494</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>19,740,662</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Long-term assets</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,134,639</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,122,317</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.01.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sundry receivables</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,134,639</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,122,317</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.01.01.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Trade accounts receivable</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>351,499</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>270,484</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.01.01.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Balances &amp; Transactions with Related Parties</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>921,983</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>934,208</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.01.01.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Indemnities receivable</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>146,213 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>146,213 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.01.01.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Escrow deposits</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>41,804</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>47,682</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.01.01.05</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Deferred Income Tax &amp; Social Contribution</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>568,671</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>620,858</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.01.01.06</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other receivables</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>104,469</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>102,872</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.01.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Intercompany receivables</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.01.02.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Affiliates</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.01.02.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiaries </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.01.02.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other related parties</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.01.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Permanent assets</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>17,981,855</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>17,618,345</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.02.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Investments</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>4,596</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>4,110</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.02.01.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In affiliated companies</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.02.01.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In affiliated companies - goodwill</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.02.01.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In subsidiaries</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>3,276</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>3,390</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.02.01.04</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In subsidiaries - goodwill</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.02.01.05</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other investments</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>600</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.02.01.06</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Shares in other companies</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>698 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>698 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.02.01.07</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Compulsory deposits - Eletrobr&#225;s</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>22 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>22 </FONT></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.02.02</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Property, plant and equipment</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>8,903,140</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>15,969,828</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Page: <FONT style="FONT-SIZE: 10pt" face="Times New Roman">4</FONT></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#000000>1 - Code</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#000000>2 - Description</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#000000>3 - 09/30/2010</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#000000>4 - 06/30/2010</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.02.02.01</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Property, plant and equipment</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>5,845,062</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>11,672,056</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.02.02.02</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Construction in progress</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>3,058,078</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>4,297,772</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.02.03</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Intangible</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>9,074,119</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,644,407</FONT></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.02.04</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Deferred charges</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B></FONT></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt" align=right><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B><FONT face="Times New Roman" size=2>Page: 5</FONT></B></FONT></FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">02.02 - BALANCE SHEET - LIABILITIES AND SHAREHOLDERS&#146; EQUITY (In thousands of Brazilian reais - R$)</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1 - Code</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2 - Description</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3 - 09/30/2010</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4 - 06/30/2010</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total liabilities and shareholders&#146; equity</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>23,536,912</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>22,879,162</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Current liabilities</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>3,137,219</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>3,227,622</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Loans and financing</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>653,632</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>646,294</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Debentures</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>507,670</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>766,660</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.02.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">6<SUP>th</SUP> issue of debentures</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>238,461</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.02.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8<SUP>th</SUP> issue of debentures</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>451,266</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>442,091</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.02.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Interest on debentures</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>56,404</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>86,108</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Trade accounts payable</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>194,257</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>175,860</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Taxes payable</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>182,047</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>168,689</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.04.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Income tax</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>43,427</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>42,464</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.04.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Social contribution tax</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>17,279</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>15,671</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.04.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">PAES&nbsp; (tax debt refinancing program)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>35,026</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>34,688</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.04.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">COFINS and PASEP (taxes on revenue)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>48,840</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>39,885</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.04.05</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">INSS (Social security contribution)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>22,971</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>23,768</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.04.06</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>14,504</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>12,213</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.05</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Dividends payable</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.06</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reserves</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>759,000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>713,318</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.06.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">For Tax Contingencies</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>3,074</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,634</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.06.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">For Civil Contingencies</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>17,366</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>21,499</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.06.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">For Contingencies with Suppliers</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>344,698</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>195,169</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.06.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">For Contingencies with Customers</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>299,535</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>457,984</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.06.05</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">For Environmental Contingencies</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>21,849</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>21,813</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.06.06</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">For Labor Contingencies</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>72,478</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>14,219</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.07</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Intercompany payables</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.08</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>840,613</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>756,801</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.08.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Payroll and related charges</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>276,822</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>241,482</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.08.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Accounts Payable</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>195,661</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>213,639</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.08.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Interest on capital payable</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>56</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>56</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.08.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Deferred taxes</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>18,469</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>27,134</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.08.05</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Refundable amounts </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>63,202</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>59,837</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.08.06</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Program contract commitments</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>146,645</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>68,207</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.08.07</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other payables</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>139,758</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>146,446</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Noncurrent liabilities</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>8,798,006</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>8,499,660</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Long-term liabilities</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>8,798,006</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>8,499,660</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Loans and financing </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>4,285,199</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>3,808,766</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Debentures</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,211,101</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,210,690</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.02.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">9<SUP>th</SUP> issue of debentures</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>228,279</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>228,355</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.02.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">10<SUP>th</SUP> issue of debentures</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>277,319</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>277,435</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.02.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11<SUP>th</SUP> issue of debentures</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,205,528</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,204,925</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.02.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12<SUP>th</SUP> issue of debentures</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>499,975</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>499,975</FONT></P>
</TD></TR></TABLE></DIV>
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     <TD align=right width="100%"><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Courier New">Page: 6</FONT></B></FONT></FONT></B></TD></TR></TABLE></FONT></B></FONT></FONT></B></DIV></DIV>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#000000>1 - Code</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#000000>2 - Description</FONT></P>
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     <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" align=right width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#000000>3 - 09/30/2010</FONT></P>
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     <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" align=right width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#000000>4 - 06/30/2010</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reserves </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>643,068</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>852,695</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.03.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">For Tax Contingencies</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>60,224</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>63,733</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.03.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">For Civil Contingencies</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>147,712</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>154,013</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.03.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">For Contingencies with Suppliers</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>9,103</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>168,279</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.03.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">For Contingencies with Customers</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>330,847</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>346,751</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.03.05</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">For Environmental Contingencies</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>38,833</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>24,121</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.03.06</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">For Labor Contingencies</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>56,349</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>95,798</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Intercompany payables</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.05</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Advance for future capital increase</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.06</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,658,638</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,627,509</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.06.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Deferred taxes </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>169,161</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>162,600</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.06.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">PAES (tax debt refinancing program)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>61,295</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>69,375</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.06.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Social security charges</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>506,660</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>504,114</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.06.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Indemnities</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>30,847</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>30,847</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.06.05</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Program contract commitments</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>105,246</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>102,399</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.06.06</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Provision for Actuarial Liability Law 4819/58</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>493,531</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>507,772</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.06.07</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Private Public Partnership</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>192,552</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>144,192</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.06.08</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other payables</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>99,346</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>106,210</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Deferred income</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Shareholders' equity</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>11,601,687</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>11,151,880</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Capital </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>6,203,688</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>6,203,688</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Capital reserves</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>124,255</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>124,255</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.02.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Support to projects</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>108,475 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>108,475 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.02.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Incentive reserve</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>15,780 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>15,780 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Revaluation reserves</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,109,284</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,088,454</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.03.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own assets</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,109,284</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,088,454</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.03.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiaries/Affiliates </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Profit reserves</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,054,594</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,054,594</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.04.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Legal </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>378,526</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>378,526</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.04.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Statutory </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.04.03</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">For contingencies</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.04.04</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Unrealized profit</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.04.05</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Profit retention</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.04.06</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Special for unpaid dividends</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.04.07</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other profit reserves </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,676,068</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,676,068</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.04.07.01</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reserve for investments</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,676,068</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,676,068</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.05</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Adjustments of Equity Evaluation</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.05.01</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Adjustments of Marketable Securities</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.05.02</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Accumulated Conversion Adjustments</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.05.03</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Business Combination Adjustments</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.06</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Retained earnings (accumulated deficit)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,109,866</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>680,889</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.07</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Advance for future capital increase</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">03.01 - STATEMENT OF INCOME (In thousands of Brazilian reais - R$)</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN-LEFT: 0pt; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none" cellSpacing=0 cellPadding=0 border=0>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">1 - Code</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">2 - Description</FONT></P>
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<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3 - 07/01/2010</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">to 09/30/2010</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">4 - 01/01/2010</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">to 09/30/2010</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">5 -07/01/2009</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">to 09/30/2009</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">6 -01/01/2009</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">to 09/30/2009</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Gross revenue from sales and/or services</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,976,537</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>5,766,598</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,749,076</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>5,272,095</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Gross revenue deductions</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(140,902)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(409,172)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(120,105)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(366,135)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Net revenue from sales and/or services</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,835,635</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>5,357,426</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,628,971</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4,905,960</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Cost of sales and/or services </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(823,451)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(2,327,203)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(762,094)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(2,427,366)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.05</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Gross profit</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,012,184</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>3,030,223</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>866,877</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>2,478,594</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Operating (expenses) income </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(324,674)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(1,379,962)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(561,308)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(1,130,470)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Selling </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(216,801)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(630,725)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(201,415)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(597,238)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">General and administrative </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(140,132)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(399,393)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(209,855)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(458,461)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Financial </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>21,724</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(354,677)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(157,027)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(89,465)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.03.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Financial income</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>80,813</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>240,124</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>40,735</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>153,569</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.03.01.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Financial income</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>80,788</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>239,970</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>40,602</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>160,938</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.03.01.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Exchange gains</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>25</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>154</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>133</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(7,369)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.03.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Financial expenses </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(59,089)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(594,801)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(197,762)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(243,034)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.03.02.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Financial expenses</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(119,589)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(616,725)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(301,524)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(617,490)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.03.02.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Exchange losses</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>60,500</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>21,924</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>103,762</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>374,456</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Other operating income</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>15,769</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>37,928</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>15,506</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>33,570</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.04.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Other operating income</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>17,376</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>41,794</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>17,087</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>36,992</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.04.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">COFINS and PASEP (taxes on revenue)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(1,607)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(3,866)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(1,581)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(3,422)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.05</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Other operating expenses</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(5,120)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(32,757)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(8,487)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(18,736)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.05.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Loss on write-off of property, plant and equipment items</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(2,746)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(14,941)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(5,702)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(11,750)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.05.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Provision for Losses in Tax Incentives</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(300)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.05.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Tax Incentives</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(2,339)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(3,243)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(1,250)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(4,322)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.05.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Provision for Actuarial Liability Law 4819/58</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(14,237)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.05.05</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Provision for Loss &#150; Law 4819/58</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.05.06</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Other</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(35)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(336)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(1,535)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(2,364)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.06</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Equity in subsidiaries</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(114)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(338)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(30)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(140)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.07</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Income from operations</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>687,510</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,650,261</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>305,569</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,348,124</FONT></P>
</TD></TR></TABLE></DIV><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B></DIV>
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<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD align=right width="100%"><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Courier New">Page: 8</FONT></B></FONT></FONT></B></TD></TR></TABLE>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>1 - Code</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>2 - Description</FONT></P>
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<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>3 - 07/01/2010</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>to 09/30/2010</FONT></P>
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<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>4 - 01/01/2010</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>to 09/30/2010</FONT></P>
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<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>5 -07/01/2009</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>to 09/30/2009</FONT></P>
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<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>6 -01/01/2009</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>to 09/30/2009</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.08</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Nonoperating income (expenses)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.08.01</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Income</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.08.02</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Expenses</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.09</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Income before taxes and profit sharing</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>687,510</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,650,261</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>305,569</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,348,124</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.10</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Provision for income and social contribution taxes</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(199,816)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(634,842)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(198,822)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(576,057)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.10.01</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Provision for income tax</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(146,196)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(466,198)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(145,564)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(422,056)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.10.02</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="35%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Provision for social contribution tax</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(53,620)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(168,644)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(53,258)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(154,001)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.11</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Deferred income tax</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(37,887)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>58,631</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>88,980</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>144,539</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.11.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="35%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Deferred income tax</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(27,858)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>43,111</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>65,192</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>106,044</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.11.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="35%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Deferred social contribution tax</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(10,029)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>15,520</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>23,788</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>38,495</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.12</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Statutory profit sharing/contributions</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.12.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Profit sharing</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.12.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Contributions</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.13</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Reversal of interest on capital</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.15</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Net income (loss) </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>449,807</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,074,050</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>195,727</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>916,606</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Number of shares, former treasury shares (thousand)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>227,836</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>227,836</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>227,836</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>227,836</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">EARNINGS PER SHARE (Reais)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1.97426</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.71414</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0.85907</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.02310</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">LOSS PER SHARE (Reais)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
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     <TD align=right width="100%"><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Courier New">Page: 9</FONT></B></FONT></FONT></B></TD></TR></TABLE>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">04.01 - STATEMENT OF CASH FLOWS - INDIRECT METHOD (In thousands of Brazilian reais - R$)</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN-LEFT: 0pt; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none" cellSpacing=0 cellPadding=0 border=0>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">1 - Code</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">2 - Description</FONT></P>
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<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3 - 07/01/2010</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">to 09/30/2010</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">4 - 01/01/2010</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">to 09/30/2010</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">5 -07/01/2009</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">to 09/30/2009</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">6 - 01/01/2009</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">to 09/30/2009</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Net&nbsp; Cash from Operating Activities </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>495,671</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,235,340</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>555,754</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,624,198</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Cash Generated from Operations </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,144,712</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>3,184,495</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>818,018</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>2,696,925</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.01 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Net Income before Income Tax and Social Contribution</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>687,510</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,650,261</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>305,569</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,348,124</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.02 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Provision for Contingencies</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>15,328</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>228,460</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>270,746</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>425,534</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Reversal of Provision for Losses</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(122)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(29)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(222)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>846</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Social Security Obligations</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>6,350</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>38,531</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>19,178</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>57,365</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.05</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Write-off of Fixed Assets</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>2,746</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>14,941</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>5,702</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>11,750</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.06</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Depreciation and Amortization</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>144,449</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>439,257</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>161,479</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>484,654</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.07</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Intersts on Loans and Financings Payable</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>136,852</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>390,456</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>114,336</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>348,658</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.08</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Monetary and Foreign Exchange Variation on Loans and Financings</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(45,080)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>42,173</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(106,635)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(376,288)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.09</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Expenses with Interests and Monetary Variations</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>986</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>3,211</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,323</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4,345</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.10</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Income with Interests and Monetary Variations</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(926)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(44,842)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(6,537)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(16,046)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.11 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Allowance for Doubtful Accounts</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>88,631</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>257,911</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>71,509</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>234,658</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.12</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Provision for Term of Adjustment of Conduct (TAC)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>9,226</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>18,379</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(26,386)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>102,800</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.13</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Equity Result</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>114</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>338</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>30</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>140</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.14</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Provision for Actuarial Liability Law 4819/58</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>14,237</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.15</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Other Provisions/Reversals</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>87</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(900)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>88</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>316</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.16</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Provision for PMSP Agreement</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(6,090)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>27,460</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>3,296</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>65,527</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.17</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Other write-offs</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4,542</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4,542</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.18</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Prov. Externality PMSP</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>79,330</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>79,330</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.19</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Provision Sabesprev Mais</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>25,321</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>25,321</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Variation to Assets and Liabilities</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(267,404)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(826,991)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>17,835</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(188,067)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.01 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Accounts Receivable</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(126,092)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(177,143)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(97,781)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(132,226)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.02 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Balances and Transactions with Related Parties</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>17,679</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>26,499</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>13,347</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>51,069</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.03 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Inventories</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,229</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>9,912</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>2,263</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>9,728</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.04 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Taxes Recoverable</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(5,584)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(7,340)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(328)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,141</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.05 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Other Accounts Receivable</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>6,038</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(407,266)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(3,614)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(21,689)</FONT></P>
</TD></TR></TABLE></DIV><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B></DIV>
<a name="_bclPageBorder10"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%"><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B>&nbsp;</DIV>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
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     <TD align=right width="100%"><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Courier New">Page: 10</FONT></B></FONT></FONT></B></TD></TR></TABLE>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Courier New"></FONT>&nbsp;</P>
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<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN-LEFT: 0pt; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none" cellSpacing=0 cellPadding=0 border=0>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>1 - Code</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>2 - Description</FONT></P>
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     <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 0.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>3 - 07/01/2010</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>to 09/30/2010</FONT></P>
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     <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 0.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>4 - 01/01/2010</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>to 09/30/2010</FONT></P>
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     <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 0.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>5 -07/01/2009</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>to 09/30/2009</FONT></P>
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     <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 0.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>6 - 01/01/2009</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>to 09/30/2009</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.06 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Judicial Deposits</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(2,141)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(3,319)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(15,011)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(29,130)</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.07 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Indemnifications Receivable</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>2,581 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.08 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Contractors and Suppliers</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>9,421</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(430)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>47,623</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>26,154</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.09 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Salaries, Provisions and Social Security Obligations</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>26,114</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>19,334</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>36,099</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>51,039</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.10</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Provision for Actuarial Liability Law 4819/58</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(14,241)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(38,733)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.11</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Taxes and Contributions Payable</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(4,148)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(55,377)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(5,425)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(68,675)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.12 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Accounts Payable</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(17,979)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,750</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(3,111)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,519</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.13</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Other Obligations</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>18,856</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>95,021</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>74,225</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>128,570</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.14</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Contingencies</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(172,752)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(277,925)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(26,233)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(195,437)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.15</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Pension Plan - Sabesprev Transfer</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(3,804)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(11,974)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(4,219)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(12,711)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.03 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Others</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(381,637)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(1,122,164)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(280,099)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(884,660)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.03.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Interests paid</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(188,995)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(473,608)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(126,568)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(407,019)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.03.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Income Tax and Contributions Paid</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(192,642)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(648,556)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(153,531)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(477,641)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.02 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Net Cash from Investment Activities</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(483,472)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(1,318,139)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(595,921)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(1,356,810)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.02.01 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Acquisition of Items of Fixed Assets</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(473,726)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(1,281,237)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(590,577)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(1,335,634)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.02.02 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Increase in Intangibles</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(9,146)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(36,302)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(5,344)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(23,446)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.02.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Increase in Investments</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(600)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(600)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>2,270</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.03 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Net Cash from Financing Activities</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>305,999</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>678,404</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(261,485)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(505,523)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.03.01 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Funding</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>674,791</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>2,700,073</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>94,736</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>939,473</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.03.02 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Loan Amortizations</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(368,792)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(1,656,283)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(356,221)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(1,159,665)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.03.03 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Payment of Interests on Shareholders&#180; Equity</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(365,386)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(285,331)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.04 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Foreign Exchange Variation on Cash &amp; Cash Equivalents</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.05 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Increase(Decrease) in Cash &amp; Cash Equivalents</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>318,198</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>595,605</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(301,652)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(238,135)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.05.01 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Beginning Balance of Cash &amp; Cash Equivalents</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,046,840</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>769,433</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>685,576</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>622,059</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.05.02 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Ending Balance of Cash &amp; Cash Equivalents</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,365,038</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,365,038</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>383,924</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>383,924</FONT></P>
</TD></TR></TABLE></DIV><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B></DIV>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">05.01 - STATEMENT OF CHANGES TO SHAREHOLDERS&#146; EQUITY FROM 07/01/2010 to 09/30/2010 &nbsp;(In thousands of Brazilian reais - R$)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>1 - CODE </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2 - DESCRIPTION </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>3 - CAPITAL STOCK </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>4 -CAPITAL RESERVES</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5 - REVALUATION RESERVES </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>6 - PROFIT RESERVES </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>7 -RETAINED EARNINGS/LOSSES </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>8 -EQUITY ADJUSTMENTS </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>9 -TOTAL SHAREHOLDERS&#180; EQUITY </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.01 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Beginning Balance </FONT></P>
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<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>6,203,688 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>124,255 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2,088,454</FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2,054,594</FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>680,889</FONT></P>
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<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>11,151,880</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.02 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Adjustments from Previous Years </FONT></P>
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<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.03 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Adjusted Balance </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>6,203,688 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>124,255 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2,088,454</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2,054,594</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>680,889</FONT></P>
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     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>11,151,880</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.04 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Profit/Loss for the Period </FONT></P>
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<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>449,807</FONT></P>
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     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>449,807</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.05 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Allocations </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.05.01 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Dividends</FONT></P>
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<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.05.02 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Interests on Shareholders&#180; Equity </FONT></P>
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<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.05.03 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Other Allocations </FONT></P>
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<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.06 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Realization of Profit Reserves </FONT></P>
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<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.07 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Equity Adjustments </FONT></P>
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<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.07.01 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Marketable Securities Adjustments </FONT></P>
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<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.07.02 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Accumulated&nbsp; Conversion Adjustments </FONT></P>
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<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.07.03 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Adjustments from Business Combinations </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.08 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Increase/Decrease in Capital Stock </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.09 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Capital Reserves Constitution/Realization </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.10 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Treasury Stock </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.11 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Other Capital Stock Transactions </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.12 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Others </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>20,830</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(20,830)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.13 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Ending Balance </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>6,203,688</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>124,255</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2,109,284</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2,054,594</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>1,109,866</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>11,601,687</FONT></P>
</TD></TR></TABLE></DIV><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B></DIV>
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<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD align=right width="100%"><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Courier New">Page: 12</FONT></B></FONT></FONT></B></TD></TR></TABLE>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">05.02 - STATEMENT OF CHANGES TO SHAREHOLDERS&#146; EQUITY FROM 01/01/2010 to 09/30/2010 (In thousands of Brazilian reais - R$)</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>1 - CODE </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2 - DESCRIPTION </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>3 - CAPITAL STOCK </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>4 -CAPITAL RESERVES</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5 - REVALUATION RESERVES </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>6 - PROFIT RESERVES </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>7 -RETAINED EARNINGS/LOSSES </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>8 -EQUITY ADJUSTMENTS </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>9 -TOTAL SHAREHOLDERS&#180; EQUITY </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.01 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Beginning Balance </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>6,203,688 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>124,255 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2,145,100</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2,054,594</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>10,527,637</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.02 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Adjustments from Previous Years </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.03 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Adjusted Balance </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>6,203,688 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>124,255 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2,145,100</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2,054,594</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>10,527,637</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.04 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Profit/Loss for the Period </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>1,074,050</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>1,074,050</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.05 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Allocations </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.05.01 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Dividends</FONT></P>
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<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.05.02 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Interests on Shareholders&#180; Equity </FONT></P>
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<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.05.03 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Other Allocations </FONT></P>
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<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.06 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Realization of Profit Reserves </FONT></P>
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<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.07 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Equity Adjustments </FONT></P>
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<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.07.01 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Marketable Securities Adjustments </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.07.02 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Accumulated Conversion Adjustments </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.07.03 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Adjustments from Business Combinations </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.08 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Increase/Decrease in Capital Stock </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.09 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Capital Reserves Constitution/Realization </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.10 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Treasury Stock </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.11 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Other Capital Stock Transactions </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.12 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Others </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(35,816)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>35,816</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.13 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Ending Balance </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>6,203,688 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>124,255 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2,109,284</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2,054,594</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>1,109,866</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 5.65pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>11,601,687</FONT></P>
</TD></TR></TABLE></DIV><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B></DIV>
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<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD align=right width="100%"><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Courier New">Page: 13</FONT></B></FONT></FONT></B></TD></TR></TABLE>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">08.01 - CONSOLIDATED BALANCE SHEETS - ASSETS (In thousands of Brazilian reais - R$)</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1 - Code</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2 - Description</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3 - 09/30/2010</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4 - 06/30/2010</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total assets</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>23,539,694</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>22,879,326</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Current assets</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>3,422,671</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>3,139,112</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cash and cash equivalents</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,367,191</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,047,359</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01.01.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cash &amp; Cash Equivalents</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,367,191</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,047,359</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Receivables </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,192,051</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,239,243</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01.02.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Trade accounts receivable</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,040,653</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,083,895</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01.02.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sundry receivables </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>151,398</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>155,348</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01.02.02.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Balances &amp; Transactions with Related Parties</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>151,398</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>155,348</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Inventories</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>29,994</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>31,101</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01.03.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Storeroom supplies - operations </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>29,994</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>31,101</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>833,435</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>821,409</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01.04.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Taxes Recoverable</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>10,357</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>4,773</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01.04.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Deferred Income Taxes &amp; Social Contribution</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>276,831</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>263,369</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01.04.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Agreement with Sao Paulo City Hall</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>151,295</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>172,174</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01.04.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cef - Deb&#234;ntures</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>337,846</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>330,587</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.01.04.05</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other receivables</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>57,106</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>50,506</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Noncurrent assets</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>20,117,023</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>19,740,214</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Long-term assets</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,134,639</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,122,317</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.01.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sundry receivables</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,134,639</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,122,317</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.01.01.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Trade accounts receivable</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>351,499</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>270,484</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.01.01.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Balances &amp; Transactions with Related Parties</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>921,983</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>934,208</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.01.01.03</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Indemnities receivable</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>146,213</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>146,213</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.01.01.04</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Escrow deposits</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>41,804</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>47,682</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.01.01.05</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Deferred Income Tax &amp; Social Contribution</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>568,671</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>620,858</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.01.01.06</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other receivables</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>104,469</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>102,872</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.01.02</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Intercompany receivables</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.01.02.01</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Affiliates</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.01.02.02</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiaries </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.01.02.03</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other related parties</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.01.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Permanent assets</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>17,982,384</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>17,617,897</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.02.01</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Investments</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,320</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>720</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.02.01.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In affiliated companies</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.02.01.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In subsidiaries</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.02.01.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other investments</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>600</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.02.01.06</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Shares in other companies</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>698 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>698 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.02.01.07</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Compulsory deposits - Eletrobr&#225;s</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>22 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>22 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.02.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Property, plant and equipment</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>8,906,945</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>15,972,770</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.02.02.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Property, plant and equipment</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>5,848,854</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>11,674,984</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.02.02.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Construction in progress</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>3,058,091</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>4,297,786</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.02.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Intangible</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>9,074,119</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,644,407</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.02.02.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Deferred charges</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR></TABLE><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B></DIV>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD align=right width="100%"><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Courier New">Page: 14</FONT></B></FONT></FONT></B></TD></TR></TABLE>
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<DIV align=left><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B></FONT></B>&nbsp;</DIV>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">08.02 - CONSOLIDATED BALANCE SHEETS - LIABILITIES (In thousands of Brazilian reais - R$)</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1 - Code</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2 - Description</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3 - 09/30/2010</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4 - 06/30/2010</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total liabilities and shareholders&#146; equity</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>23,539,694</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>22,879,326</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Current liabilities</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>3,140,001</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>3,227,786</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Loans and financing</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>655,972</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>646,294</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Debentures</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>507,670</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>766,660</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.02.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">6<SUP>th</SUP> issue of debentures</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>238,461</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.02.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8<SUP>th</SUP> issue of debentures</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>451,266</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>442,091</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.02.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Interest on debentures</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>56,404</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>86,108</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Trade accounts payable</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>194,578</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>175,933</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Taxes payable</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>182,058</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>168,692</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.04.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Income tax</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>43,427</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>42,464</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.04.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Social contribution tax</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>17,279</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>15,671</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.04.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">PAES&nbsp; (tax debt refinancing program)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>35,026</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>34,688</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.04.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">COFINS and PASEP (taxes on revenue)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>48,840</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>39,885</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.04.05</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">INSS (Social security contribution)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>22,971</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>23,768</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.04.06</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>14,515</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>12,216</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.05</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Dividends payable</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.06</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reserves</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>759,000</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>713,318</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.06.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">For Tax Contingencies</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>3,074</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,634</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.06.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">For Civil Contingencies</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>17,366</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>21,499</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.06.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">For Contingencies with Suppliers</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>344,698</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>195,169</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.06.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">For Contingencies with Customers</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>299,535</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>457,984</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.06.05</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">For Environmental Contingencies</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>21,849</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>21,813</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.06.06</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">For Labor Contingencies</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>72,478</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>14,219</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.07</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Intercompany payables</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.08</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>840,723</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>756,889</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.08.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Payroll and related charges</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>276,932</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>241,570</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.08.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Accounts Payable</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>195,661</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>213,639</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.08.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Interest on capital payable</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>56</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>56</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.08.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Deferred taxes</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>18,469</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>27,134</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.08.05</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Refundable amounts </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>63,202</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>59,837</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.08.06</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Program contract commitments</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>146,645</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>68,207</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.01.08.07</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other payables</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>139,758</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>146,446</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Noncurrent liabilities</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>8,798,006</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>8,499,660</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Long-term liabilities</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>8,798,006</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>8,499,660</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Loans and financing </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>4,285,199</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>3,808,766</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Debentures</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,211,101</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,210,690</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.02.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">9<SUP>th</SUP> issue of debentures</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>228,279</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>228,355</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.02.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">10<SUP>th</SUP> issue of debentures</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>277,319</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>277,435</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.02.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11<SUP>th</SUP> issue of debentures</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,205,528</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,204,925</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.02.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12<SUP>th</SUP> issue of debentures</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>499,975</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>499,975</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reserves </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>643,068</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>852,695</FONT></P>
</TD></TR></TABLE></DIV><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B></DIV>
<a name="_bclPageBorder15"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%"><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B>&nbsp;</DIV>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD align=right width="100%"><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Courier New">Page: 15</FONT></B></FONT></FONT></B></TD></TR></TABLE>
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<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_16"></A>
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<a name="_bclHeader16"></a><DIV>
<DIV align=left><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Courier New"></FONT>&nbsp;</DIV></DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#000000>1 - Code</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#000000>2 - Description</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" align=right width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#000000>3 - 09/30/2010</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" align=right width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=#000000>4 - 06/30/2010</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.03.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">For Tax Contingencies</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>60,224</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>63,733</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.03.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">For Civil Contingencies</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>147,712</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>154,013</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.03.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">For Contingencies with Suppliers</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>9,103</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>168,279</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.03.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">For Contingencies with Customers</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>330,847</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>346,751</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.03.05</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">For Environmental Contingencies</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>38,833</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>24,121</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.03.06</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">For Labor Contingencies</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>56,349</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>95,798</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Intercompany payables</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.05</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Advance for future capital increase</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.06</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,658,638</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,627,509</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.06.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Deferred taxes </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>169,161</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>162,600</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.06.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">PAES (tax debt refinancing program)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>61,295</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>69,375</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.06.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Social security charges</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>506,660</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>504,114</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.06.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Indemnities</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>30,847</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>30,847</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.06.05</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Program contract commitments</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>105,246</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>102,399</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.06.06</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Provision for Actuarial Liability Law 4819/58</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>493,531</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>507,772</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.06.07</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Private Public Partnership</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>192,552</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>144,192</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.02.01.06.08</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other payables</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>99,346</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>106,210</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Deferred income</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Interest of non-controlling shareholders</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Shareholders' equity</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>11,601,687</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>11,151,880</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Capital </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>6,203,688</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>6,203,688</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Capital reserves</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>124,255</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>124,255 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.02.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Support to projects</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>108,475 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>108,475 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.02.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Incentive reserve</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>15,780 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>15,780 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Revaluation reserves</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,109,284</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,088,454</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.03.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Own assets</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,109,284</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,088,454</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.03.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subsidiaries/Affiliates </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Profit reserves</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,054,594</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,054,594</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.04.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Legal </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>378,526</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>378,526</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.04.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Statutory </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.04.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">For contingencies</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.04.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Unrealized profit</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.04.05</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Profit retention</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.04.06</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Special for unpaid dividends</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.04.07</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other profit reserves </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,676,068</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,676,068</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.04.07.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reserve for investments</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,676,068</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,676,068</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.05</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Adjustments of Equity Evaluation</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.05.01</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Adjustments of Marketable Securities</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.05.02</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Accumulated Conversion &nbsp;Adjustments</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.05.03</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Business Combination Adjustments</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.06</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Retained earnings (accumulated deficit)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,109,866</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>680,889</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.05.07</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Advance for future capital increase</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR></TABLE></DIV><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B></DIV><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B>
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     <TD align=right width="100%"><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Courier New">Page: 16</FONT></B></FONT></FONT></B></TD></TR></TABLE>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">09.01 - CONSOLIDATED STATEMENT OF INCOME (In thousands of Brazilian reais - R$)</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN-LEFT: 0pt; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none" cellSpacing=0 cellPadding=0 border=0>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">1 - Code</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">2 - Description</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3 - 07/01/2010</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">to 09/30/2010</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">4 - 01/01/2010</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">to 09/30/2010</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">5 -07/01/2009</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">to 09/30/2009</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">6 - 01/01/2009</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">to 09/30/2009</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Gross revenue from sales and/or services</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>1,976,537</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5,766,598</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>1,749,076</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5,272,095</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Gross revenue deductions</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(140,902)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(409,172)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(120,105)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(366,135)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Net revenue from sales and/or services</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>1,835,635</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5,357,426</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>1,628,971</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>4,905,960</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Cost of sales and/or services </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(823,451)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(2,327,203)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(762,094)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(2,427,366)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.05</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Gross profit</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>1,012,184</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>3,030,223</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>866,877</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2,478,594</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Operating (expenses) income </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(324,674)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(1,379,962)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(561,308)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(1,130,470)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Selling </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(216,801)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(630,725)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(201,415)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(597,238)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">General and administrative </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(140,267)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(399,791)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(209,942)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(458,850)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Financial </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>21,745</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(354,617)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(156,970)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(89,216)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.03.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Financial income</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>80,834</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>240,184</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>40,797</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>153,823</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.03.01.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Financial income</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>80,809</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>240,030</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>40,664</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>161,192</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.03.01.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Exchange gains</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>25</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>154</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>133</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(7,369)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.03.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Financial expenses </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(59,089)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(594,801)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(197,767)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(243,039)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.03.02.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Financial expenses</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(119,589)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(616,725)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(301,529)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(617,495)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.03.02.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Exchange losses</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>60,500</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>21,924</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>103,762</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>374,456</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Other operating income</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>15,769</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>37,928</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>15,506</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>33,570</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.04.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Other operating income</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>17,376</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>41,794</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>17,087</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>36,992</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.04.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">COFINS and PASEP (taxes on revenue)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(1,607)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(3,866)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(1,581)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(3,422)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.05</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Other operating expenses</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(5,120)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(32,757)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(8,487)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(18,736)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.05.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Loss on write-off of property, plant and equipment items</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(2,746)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(14,941)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(5,702)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(11,750)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.05.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Provision for Losses in Tax Incentives</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(300)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.05.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Tax Incentives</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(2,339)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(3,243)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(1,250)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(4,322)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.05.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Provision for Actuarial Liability Law 4819/58</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(14.237)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.05.05</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Provision for Loss &#150; Law 4819/58</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.05.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Other</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(35)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(336)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(1,535)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(2,364)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.06.06</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Equity in subsidiaries</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.07</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Income from operations</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>687,510</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>1,650,261</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>305,569</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>1,348,124</FONT></P>
</TD></TR></TABLE></DIV><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B></DIV>
<a name="_bclPageBorder17"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%"><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B>&nbsp;</DIV>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD align=right width="100%"><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Courier New">Page: 17</FONT></B></FONT></FONT></B></TD></TR></TABLE>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Courier New"></FONT>&nbsp;</P>
</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN-LEFT: 0pt; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none" cellSpacing=0 cellPadding=0 border=0>
<TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>1 - Code</FONT></P>
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     <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>2 - Description</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 0.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>3 - 07/01/2010</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>to 09/30/2010</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 0.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>4 - 01/01/2010</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>to 09/30/2010</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 0.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>5 -07/01/2009</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>to 09/30/2009</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 0.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>6 - 01/01/2009</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>to 09/30/2009</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.08</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Nonoperating income (expenses)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.08.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Income</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.08.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Expenses</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.09</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Income before taxes and profit sharing</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>687,510</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>1,650,261</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>305,569</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>1,348,124</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.10</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Provision for income and social contribution taxes</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(199,816)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(634,842)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(198,822)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(576,057)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.10.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Provision for income tax</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(146,196)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(466,198)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(145,564)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(422,056)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.10.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Provision for social contribution tax</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(53,620)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(168,644)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(53,258)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(154,001)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.11</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Deferred income tax</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(37,887)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>58,631</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>88,980</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>144,539</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.11.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Deferred income tax</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(27,858)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>43,111</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>65,192</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>106,044</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.11.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Deferred social contribution tax</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(10,029)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>15,520</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>23,788</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>38,495</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.12</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Statutory profit sharing/contributions</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.12.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Profit sharing</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.12.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Contributions</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.13</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Reversal of interest on capital</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.14</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Non-controlling Shareholders Interest</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3.15</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Net income (loss) </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>449,807</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>1,074,050</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>195,727</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>916,606</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Number of shares, former treasury shares (thousand)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>227,836</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>227,836</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>227,836</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>227,836</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">EARNINGS PER SHARE (Reais)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>1.97426</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>4.71414</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0.85907</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>4.02310</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">LOSS PER SHARE (Reais)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext></FONT>&nbsp;</P>
</TD></TR></TABLE></DIV><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B></DIV>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">10.01 - CONSOLIDATED STATEMENT OF CASH FLOWS - INDIRECT METHOD (In thousands of Brazilian reais - R$)</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">1 - Code</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">2 - Description</FONT></P>
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<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3 - 07/01/2010</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">to 09/30/2010</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">4 - 01/01/2010</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">to 09/30/2010</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">5 -07/01/2009</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">to 09/30/2009</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">6 - 01/01/2009</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">to 09/30/2009</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Net&nbsp; Cash from Operating Activities </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>495,829</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,235,230</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>555,705</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,624,193</FONT></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Cash Generated from Operations </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,144,599</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>3,184,159</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>817,989</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>2,696,787</FONT></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.01 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Net Income before Income Tax and Social Contribution</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>687,510</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,650,261</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>305,569</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,348,124</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.02 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Provision for Contingencies</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>15,328</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>228,460</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>270,746</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>425,534</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Reversal of Provision for Losses</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(122)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(29)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(222)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>846</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.04</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Social Security Obligations</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>6,350</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>38,531</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>19,178</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>57,365</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.05</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Write-off of Fixed Assets</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>2,746</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>14,941</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>5,702</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>11,750</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.06</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Depreciation and Amortization</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>144,450</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>439,259</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>161,480</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>484,656</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.07</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Intersts on Loans and Financings Payable</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>136,852</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>390,456</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>114,336</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>348,658</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.08</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Monetary and Foreign Exchange Variation on Loans and Financings</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(45,080)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>42,173</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(106,635)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(376,288)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.09</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Expenses with Interests and Monetary Variations</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>986</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>3,211</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,323</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4,345</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.10</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Income with Interests and Monetary Variations</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(926)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(44,842)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(6,537)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(16,046)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.11 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Allowance for Doubtful Accounts</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>88,631</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>257,911</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>71,509</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>234,658</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.12</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Provision for Term of Adjustment of Conduct (TAC)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>9,226</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>18,379</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(26,386)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>102,800</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.13 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Provision for Actuarial Liability Law 4819/58</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>14,237</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.15</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Other Provisions/Reversals</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>87</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(900)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>88</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>316</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.16</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Provision for PMSP Agreement</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(6,090)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>27,460</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>3,296</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>65,527</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.17</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Other write-offs</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4,542</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4,542</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.17</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Prov. Externality PMSP</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>79,330</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>79,330</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.01.18</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Provision Sabesprev Mais</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>25,321</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>25,321</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Variation to Assets and Liabilities</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(267,133)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(826,765)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>17,815</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(187,934)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.01 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Accounts Receivable</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(126,092)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(177,143)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(97,781)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(132,227)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.02 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Balances and Transactions with Related Parties</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>17,679</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>26,499</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>13,347</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>51,069</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.03 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Inventories</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,229</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>9,912</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>2,263</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>9,728</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.04 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Taxes Recoverable</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(5,584)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(7,340)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(328)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,141</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.05 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Other Accounts Receivable</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>6,031</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(407,275)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(3,682)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(21,766)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.06 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Judicial Deposits</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(2,141)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(3,319)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(15,011)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(29,130)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.07 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Indemnifications Receivable</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>2,581 </FONT></P>
</TD></TR></TABLE></DIV><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B></DIV>
<a name="_bclPageBorder19"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%"><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B>&nbsp;</DIV>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD align=right width="100%"><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Courier New">Page: 19</FONT></B></FONT></FONT></B></TD></TR></TABLE>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Courier New"></FONT>&nbsp;</P>
</DIV>
<DIV align=center>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; MARGIN-LEFT: 0pt; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 1px solid; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>1 - Code</FONT></P>
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     <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>2 - Description</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 0.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>3 - 07/01/2010</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>to 09/30/2010</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 0.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>4 - 01/01/2010</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>to 09/30/2010</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 0.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>5 -07/01/2009</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>to 09/30/2009</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: #000000 1px solid; PADDING-LEFT: 0.65pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>6 - 01/01/2009</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=#000000>to 09/30/2009</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.08 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Contractors and Suppliers</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>9,669</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(268)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>47,667</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>26,343</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.09 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Salaries, Provisions and Social Security Obligations</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>26,136</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>19,401</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>36,101</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>51,060</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.10</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Provision for Actuarial Liability Law 4819/58</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(14,241)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(38,733)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.11</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Taxes and Contributions Payable</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(4,140)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(55,371)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(5,423)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(68,674)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.12 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Accounts Payable</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(17,979)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,750</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(3,111)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,519</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.13</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Other Obligations</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>18,856</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>95,021</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>74,225</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>128,570</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.14</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Contingencies</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(172,752)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(277,925)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(26,233)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(195,437)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.02.15</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Pension Plan - Sabesprev Transfer</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(3,804)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(11,974)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(4,219)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(12,711)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.03 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Others</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(381,637)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(1,122,164)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(280,099)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(884,660)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.03.01</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Interests paid</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(188,995)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(473,608)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(126,568)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(407,019)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.01.03.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Income Tax and Contributions Paid</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(192,642)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(648,556)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(153,531)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(477,641)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.02 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Net Cash from Investment Activities</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(484,336)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(1,319,791)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(596,855)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(1,358,133)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.02.01 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Acquisition of Items of Fixed Assets</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(474,590)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(1,282,889)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(591,511)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(1,336,957)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.02.02 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Increase in Intangibles</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(9,146)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(36,302)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(5,344)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(23,446)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.02.03</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Increase in Investments</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(600)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(600)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>2,270</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.03 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Net Cash from Financing Activities</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>308,339</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>680,744</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(261,485)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(505,523)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.03.01 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Funding</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>677,131</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>2,702,413</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>94,736</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>939,473</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.03.02 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Loan Amortizations</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(368,792)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(1,656,283)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(356,221)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(1,159,665)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.03.03 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Payment of Interests on Shareholders&#180; Equity</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(365,386)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(285,331)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.04 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Foreign Exchange Variation on Cash &amp; Cash Equivalents</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.05 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Increase(Decrease) in Cash &amp; Cash Equivalents</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>319,832</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>596,183</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(302,635)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(239,463)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.05.01 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Beginning Balance of Cash &amp; Cash Equivalents</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,047,359</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>771,008</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>688,904</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>625,732</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.05.02 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>Ending Balance of Cash &amp; Cash Equivalents</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,367,191</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,367,191</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>386,269</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>386,269</FONT></P>
</TD></TR></TABLE></DIV><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B></DIV>
<a name="_bclPageBorder20"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%"><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B>&nbsp;</DIV>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD align=right width="100%"><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Courier New">Page: 20</FONT></B></FONT></FONT></B></TD></TR></TABLE>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


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<DIV align=left><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</DIV></DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">11.01 - STATEMENT OF CONSOLIDATED CHANGES TO SHAREHOLDERS&#146; EQUITY FROM 07/01/2010 to 09/30/2010 (In thousands of Brazilian reais - R$)</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>1 - CODE </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2 - DESCRIPTION </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>3 - CAPITAL STOCK </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>4 -CAPITAL RESERVES</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5 - REVALUATION RESERVES </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>6 - PROFIT RESERVES </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>7 -RETAINED EARNINGS/LOSSES </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>8 -EQUITY ADJUSTMENTS </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>9 -TOTAL SHAREHOLDERS&#180; EQUITY </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.01 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Beginning Balance </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>6,203,688 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>124,255 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2,088,454</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2,054,594</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>680,889</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>11,151,880</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.02 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Adjustments from Previous Years </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.03 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Adjusted Balance </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>6,203,688 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>124,255 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2,088,454</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2,054,594</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>680,889</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>11,151,880</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.04 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Profit/Loss for the Period </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>449,807</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>449,807</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.05 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Allocations </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.05.01 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Dividends</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.05.02 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Interests on Shareholders&#180; Equity </FONT></P>
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<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.05.03 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Other Allocations </FONT></P>
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<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.06 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Realization of Profit Reserves </FONT></P>
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<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.07 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Equity Adjustments </FONT></P>
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<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.07.01 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Marketable Securities Adjustments </FONT></P>
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<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.07.02 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Accumulated </FONT><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Conversion Adjustments </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.07.03 </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Adjustments from Business Combinations </FONT></P>
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<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.08 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Increase/Decrease in Capital Stock </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.09 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Capital Reserves Constitution/Realization </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.10 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Treasury Stock </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.11 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Other Capital Stock Transactions </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.12 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Others </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>20,830</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(20,830)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.13 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Ending Balance </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>6,203,688</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>124,255</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2,109,284</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2,054,594</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>1,109,866</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>11,601,687</FONT></P>
</TD></TR></TABLE></DIV><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B></DIV>
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<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
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     <TD align=right width="100%"><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Courier New">Page: 21</FONT></B></FONT></FONT></B></TD></TR></TABLE>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">11.02 - STATEMENT OF CONSOLIDATED CHANGES TO SHAREHOLDERS&#146; EQUITY FROM 01/01/2010 to 09/30/2010 (In thousands of Brazilian reais - R$)</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="7%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>1 - CODE </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="22%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2 - DESCRIPTION </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>3 - CAPITAL STOCK </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>4 -CAPITAL RESERVES</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5 - REVALUATION RESERVES </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>6 - PROFIT RESERVES </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>7 -RETAINED EARNINGS/LOSSES </FONT></P>
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     <TD style="PADDING-RIGHT: 1.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>8 -EQUITY ADJUSTMENTS </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>9 -TOTAL SHAREHOLDERS&#180; EQUITY </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="7%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.01 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="22%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Beginning Balance </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="8%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>6,203,688 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>124,255 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2,145,100</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2,054,594</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>10,527,637</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="7%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.02 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="22%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Adjustments from Previous Years </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="8%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="7%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.03 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="22%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Adjusted Balance </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="8%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>6,203,688 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>124,255 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2,145,100</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2,054,594</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>10,527,637</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="7%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.04 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="22%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Profit/Loss for the Period </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="8%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>1,074,050</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>1,074,050</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="7%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.05 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="22%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Allocations </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="8%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="7%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.05.01 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="22%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Dividends</FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="8%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="7%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.05.02 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="22%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Interests on Shareholders&#180; Equity </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="8%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="7%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.05.03 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="22%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Other Allocations </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="8%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="7%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.06 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="22%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Realization of Profit Reserves </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="8%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="7%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.07 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="22%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Equity Adjustments </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="8%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="7%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.07.01 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="22%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Marketable Securities Adjustments </FONT></P>
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     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="8%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="7%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.07.02 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="22%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Accumulated&nbsp; Conversion Adjustments </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="8%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="7%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.07.03 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="22%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Adjustments from Business Combinations </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="8%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="7%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.08 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="22%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Increase/Decrease in Capital Stock </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="8%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="7%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.09 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="22%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Capital Reserves Constitution/Realization </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="8%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="7%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.10 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="22%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Treasury Stock </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="8%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="7%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.11 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="22%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Other Capital Stock Transactions </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="8%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="7%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.12 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="22%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Others </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="8%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>(35,816)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>35,816</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="7%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>5.13 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="22%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>Ending Balance </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="8%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>6,203,688 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>124,255 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2,109,284</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>2,054,594</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="11%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>1,109,866</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>0 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: black 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: black 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" width="10%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif" color=windowtext>11,601,687</FONT></P>
</TD></TR></TABLE></DIV><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B></DIV>
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     <TD align=right width="100%"><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Courier New">Page: 22</FONT></B></FONT></FONT></B></TD></TR></TABLE>
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<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 0.5pt solid; TEXT-ALIGN: center; mso-border-top-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 0in 0in 0in; mso-border-between: .5pt solid windowtext; mso-border-bottom-alt: 0in none windowtext; mso-padding-between: 1.0pt; mso-padding-bottom-alt: 0in" align=center><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-ansi-language: PT-BR" face="Courier New"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Courier New">01444-3 CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO</FONT></B><FONT style="mso-spacerun: yes"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Courier New">&nbsp;&nbsp; </FONT></B></FONT><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Courier New">43.776.517/0001-80</FONT></B></FONT></FONT></B></P>
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 1pt; BORDER-BOTTOM: windowtext 0.5pt solid; TEXT-ALIGN: right; mso-border-top-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 0in 0in 0in; mso-border-between: .5pt solid windowtext; mso-border-bottom-alt: 0in none windowtext; mso-padding-between: 1.0pt; mso-padding-bottom-alt: 0in; mso-padding-top-alt: 1.0pt" align=right><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt; mso-ansi-language: PT-BR" face="Courier New"><B><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Courier New"></FONT></B></FONT></FONT></B>&nbsp;</P>
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 1pt; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-top-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 0in 0in 0in; mso-border-between: .5pt solid windowtext; mso-border-bottom-alt: 0in none windowtext; mso-padding-between: 1.0pt; mso-padding-bottom-alt: 0in; mso-padding-top-alt: 1.0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">06.01 - EXPLANATORY NOTES</FONT></B></FONT></B></P>
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 1pt; BORDER-BOTTOM: medium none; mso-border-top-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 0in 0in 0in; mso-border-between: .5pt solid windowtext; mso-padding-between: 1.0pt; mso-padding-top-alt: 1.0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Amounts in thousands of Brazilian reais - R$, unless otherwise stated</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OPERATIONS </FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo - Sabesp (&#147;Sabesp&#148; or the &#147;Company&#148;) is a mixed-capital company headquartered in S&#227;o Paulo, controlled by the S&#227;o Paulo State Government. The Company is engaged in the provision of basic and environmental sanitation services, and supplies treated water on a bulk basis and provides sewage treatment services for another six municipalities of the Greater S&#227;o Paulo Metropolitan Area.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">In addition to providing basic sanitation services in the State of S&#227;o Paulo, SABESP may perform these activities in other states and countries, and can operate in drainage, urban cleaning, solid waste handling and energy markets. The new Sabesp vision sets forth as objective to be recognized as the company that has universalized the Sanitation services in its area of operation, focused on the customer, in a sustainable and competitive way, with excellence in environmental solutions.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company provides water and sewage services in 364 municipalities in the State of S&#227;o Paulo. Highlighting that the operations of the municipalities of Itapira, Ara&#231;oiaba da Serra, Iper&#243; and Cajobi have ceased temporarily due to judicial orders still in progress. On September 30, 2010, the assets referring to these four municipalities were R$20,158. Nearly all of which are through concessions granted by the municipalities and most of them with a 30-year term. Up to September 30, 2010, 92 concessions had expired and all of them are in the phase of being negotiated with the municipalities. From October 1st, 2010 to 2030 72 concessions will expire, including those with undetermined term. Up to September 30, 2010 198 program contracts were signed.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Management expects that all the expired concessions will be renewed or extended, thus there will not be a discontinuity of the water supply and sewage collection in these municipalities. On September 30, 2010 the net book value of the property, plant and equipment used in the 92 municipalities where the concessions are under negotiation totals R$2,192 million and the net revenue for the period ended on September 30, 2010 totals R$886 million.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">In the municipality of Santos, in the Santista lowland, which has an expressive population, the Company operates supported by a public authorization deed, a similar situation in other municipalities in that region and in the Ribeira valley, where the Company started to operate after the merger of the companies that formed it. </FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The important changes in regulation of the sanitation sector occurred in 2007 generated new challenges and opportunities to Sabesp. The regulatory milestone has consolidated the integration between the investments of the service provider and the priorities set forth by the holder of the services, it made the provision of accounts more effective and transparent and increased the security for investments.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s shares have been listed on the &#147;Novo Mercado&#148; (New Market) segment of the BOVESPA (S&#227;o Paulo Stock Exchange) since April 2002, and on the New York Stock Exchange (NYSE) as ADRs (American Depositary Receipts) since May 2002.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">All information about areas of concession, number of municipalities, water and sewage volume and other related data disclosed in this report, which do not arise from the accounting and/or financial statements, have&nbsp;<FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">not been examined by the independent auditors.</FONT>&nbsp;</FONT></P>
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     <TD align=right width="100%"><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Courier New">Page: 23</FONT></B></FONT></FONT></B></TD></TR></TABLE></DIV>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PRESENTATION OF THE QUARTERLY FINANCIAL STATEMENTS</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">The financial statements have been approved by the Board of Directors on November 11, 2010.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Presentation of the Quarterly Information</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">The quarterly information were prepared and have been presented consistently with the accounting standards adopted in the preparation of the financial statements of the fiscal year ended on December 31, 2009, as allowed by CVM Resolution 603/09.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">On September 30, 2010, Management prepared an estimate of the possible effects in shareholders&#146; equity and in the result, being that the main accounting statements, interpretations and directions that might impact the Company&#146;s financial statements are:</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">CPC 20 &#150; Cost of Loans, approved by CVM Resolution 577</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">CPC 21 &#150; Interim financial statement, approved by CVM Resolution 581 </FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 42.55pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">CPC 22 -&nbsp; Segment Information, approved by CVM Resolution 582</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">CPC 27 &#150; Fixed Assets, approved by CVM Resolution 619</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 42.55pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">CPC 33 &#150; Employees&#146; Benefits, approved by CVM Resolution 600</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 42.55pt; TEXT-INDENT: -42.55pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">CPC 37 &#150; Initial adoption of accounting international standards, approved by CVM Resolution 609</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 42.55pt; TEXT-INDENT: -42.55pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">CPC 38 &#150; Financial Instruments: recognition and measurement, approved by CVM Resolution 604</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 42.55pt; TEXT-INDENT: -42.55pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">CPC 39 &#150; Financial Instruments: presentation, approved by CVM Resolution 604</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 49.65pt; TEXT-INDENT: -49.65pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">CPC 40 &#150; Financial Instruments: evidence, approved by CVM Resolution 604</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">- Interpretations:</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 42.55pt; TEXT-INDENT: -42.55pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">ICPC 01 &#150; Concession Contracts, approved by CVM Resolution 611</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 42.55pt; TEXT-INDENT: -42.55pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 42.55pt; TEXT-INDENT: -42.55pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">ICPC 08 &#150; Accounting for proposal for payment of dividends, approved by CVM Resolution 601</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 42.55pt; TEXT-INDENT: -42.55pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 42.55pt; TEXT-INDENT: -42.55pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">ICPC 11 &#150; Receiving of customers&#146; assets in transfer, approved by CVM Resolution 620</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Estimate of possible impacts in the application of the CPC&#146;s:</FONT></P>
<B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B></DIV>
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     <TD align=right width="100%"><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Courier New">Page: 24</FONT></B></FONT></FONT></B></TD></TR></TABLE>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">September 30, 2010</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Shareholders&#146; Equity</FONT></P>
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<P style="MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid" vAlign=top align=center width="15%">
<P style="MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Result</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Beginning Balances before the application of CPC's</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11,601,687</FONT></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,074,050</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Write-off of GESP receivables related to Law 4819/58</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(696,283)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Supplement of Actuarial Obligation</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(878,284)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(44,661)</FONT></P>
</TD></TR>
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     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other Adjustments</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">196,959</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">69,723</FONT></P>
</TD></TR>
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     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Deferred Income Taxes</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(683,386)</FONT></P>
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     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(7,359)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Ending Balance after the application of CPC&#146;s</FONT></P>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2pt double" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">9,540,693</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2pt double" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,091,753</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Management, after refining the figures above and the conclusion of the studies regarding the disclosure and other related matters will restate the Quarterly Information &#150; ITR in accordance with CVM Resolution 603/09. At this point, Management considered not practicable the presentation of this Quarterly Information &#150; ITR in accordance with new CPC&#180;s.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 35.45pt; TEXT-INDENT: -35.45pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consolidated Financial Statements</FONT></P>
<P style="MARGIN: 0in 0in 0pt 35.45pt; TEXT-INDENT: -35.45pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 2.55pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The consolidated financial statements include the financial statements of Sabesp and its subsidiary Sesamm, which were included in the proportion of their equity interest. The Company maintains the shared control, detailed in Note 7, which fiscal year is coincidental to the holding&#146;s and the accounting policies are uniform.</FONT></P>
<P style="MARGIN: 0in 2.55pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 2.55pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Although Sabesp&#146;s equity interest in Sesamm capital stock is not majority interest, the shareholders&#146; agreement provides for the vetoing power on certain management matters indicating shared control on subsidiaries. Due to that, the Financial Statements have been presented in a consolidated basis.</FONT></P>
<P style="MARGIN: 0in 2.55pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 2.55pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The consolidation process of the balance sheet and income statement accounts adds up the balances of the assets, liabilities, revenues and expenses according to their nature, complemented by the elimination of the equity interest of the holding company in the capital stock and retained earnings of the subsidiary.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 58.95pt 0pt 35.45pt; TEXT-INDENT: -35.45pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CASH &amp; CASH EQUIVALENTS</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
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<P style="MARGIN: 0in 58.95pt 0pt 0in; TEXT-ALIGN: center"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">HOLDING</FONT></P>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11.35pt" vAlign=top align=center width="1%">
<P style="MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 11.35pt" vAlign=top align=center width="24%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">CONSOLIDATED</FONT></P>
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<P style="MARGIN: 0in 58.95pt 0pt 0in; TEXT-ALIGN: center"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.35pt" vAlign=top align=center width="12%">
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Sep/10</FONT></U></P>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.35pt" vAlign=top align=center width="12%">
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Jun/10</FONT></U></P>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.35pt" vAlign=top align=center width="1%">
<P style="MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.35pt" vAlign=top align=center width="12%">
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Sep/10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.35pt" vAlign=top align=center width="12%">
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Jun/10</FONT></U></P>
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<P style="MARGIN: 0in 58.95pt 0pt 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Cash and Banks</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 4.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.35pt" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.7pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">68,437</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 4.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.35pt" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.7pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">70,405</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 4.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.35pt" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.7pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 4.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.35pt" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.7pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">68,489</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 4.7pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.35pt" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.7pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">70,455</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.35pt">
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.35pt" vAlign=bottom width="51%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Cash Equivalents</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.35pt" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">1,296,601</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.35pt" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">976,435</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.35pt" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.35pt" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">1,298,702</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.35pt" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">976,904</FONT></U></P>
</TD></TR>
<TR style="HEIGHT: 11.35pt">
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.35pt" vAlign=bottom width="51%">
<P style="MARGIN: 0in 58.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.35pt" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">1,365,038</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.35pt" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">1,046,840</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.35pt" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.35pt" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">1,367,191</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.35pt" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">1,047,359</FONT></U></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</P>
<B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B></DIV>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD align=right width="100%"><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Courier New">Page: 25</FONT></B></FONT></FONT></B></TD></TR></TABLE>
<DIV></DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_26"></A>
<a name="_bclPageBorder26"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%"><a name="_bclHeader26"></a></DIV>
<a name="_bclPageBorder26"></a><P style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; MARGIN: 0in 58.95pt 0pt 35.45pt; TEXT-INDENT: -35.45pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ACCOUNTS RECEIVABLE FROM CUSTOMERS</FONT></B></P>
<a name="_bclPageBorder26"></a><P style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclPageBorder26"></a><P style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Balances</FONT></P>
<a name="_bclPageBorder26"></a><P style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclPageBorder26"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%" align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="69%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" align=center width="31%" colSpan=3>
<P style="MARGIN: 0in" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">HOLDING AND CONSOLIDATED</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="69%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" align=center width="15%">
<P style="MARGIN: 0in" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Sep/10</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" align=center width="1%">
<P style="MARGIN: 0in" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" align=center width="15%">
<P style="MARGIN: 0in" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Jun/10</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="69%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;</FONT><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Private sector</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="15%">
<P style="MARGIN: 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="15%">
<P style="MARGIN: 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;General and special customers (i) (ii)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">810,075</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">774,393</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;Agreements (iii)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">255,634</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">261,673</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="69%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt 0pt; TEXT-INDENT: 6.85pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">1,065,709</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt 0pt; TEXT-INDENT: 6.85pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">1,036,066</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="69%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;</FONT></B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Government entities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;Municipal</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">559,049</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">564,260</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;Federal</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">2,850</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">3,097</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;Agreements (iii)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">202,087</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">151,914</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="69%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">763,986</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">719,271</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="69%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;</FONT><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Bulk sales - Municipal Administration Offices (iv)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;- Guarulhos</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">447,934</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">439,867</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;- Mau&#225;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">210,374</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">203,419</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;- Mogi das Cruzes</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">14,313</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">14,204</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;- Santo Andr&#233;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">473,328</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">457,497</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;- S&#227;o Caetano do Sul</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">3,681</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">3,623</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;- Diadema</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">144,704</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">140,765</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Wholesale total - Municipal City Halls</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">1,294,334</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">1,259,375</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="69%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Unbilled supply</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">365,425</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">338,976</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subtotal</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,489,454</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,353,688</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Allowance for doubtful accounts</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(2,097,302)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,999,309)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2pt double" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,392,152</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2pt double" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,354,379</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Current</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,040,653</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,083,895</FONT></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.25pt" width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Non-current (v)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.25pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">351,499</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.25pt" width="1%">
<P style="MARGIN: 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.25pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">270,484</FONT></P>
</TD></TR></TABLE></DIV>
<a name="_bclPageBorder26"></a><P style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclPageBorder26"></a><P style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(i) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General customers - residential and small and medium-sized companies.</FONT></P>
<a name="_bclPageBorder26"></a><P style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclPageBorder26"></a><P style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Special customers - large consumers, commercial, industries, condominiums and special billing consumers (industrial waste, wells, etc.).</FONT></P>
<a name="_bclPageBorder26"></a><P style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclPageBorder26"></a><P style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Agreements - installment payments of past-due receivables, plus monetary adjustment and interest.</FONT></P>
<a name="_bclPageBorder26"></a><P style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; MARGIN: 0in 0pt 6pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclPageBorder26"></a><P style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Whosale - municipal city halls - The balance of accounts receivable from wholesalers refers to the sale of treated water to the municipalities which are responsible for the distribution, billing and collection&nbsp;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">from the end consumers, some of these municipalities question judicially the tariffs charged by Sabesp and do not pay the amounts under litigation. The past due amounts that are included in the allowance for doubtful accounts are substantially classified in non-current assets, according to the following table:</FONT></P>
<a name="_bclPageBorder26"></a><P style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B></B></FONT></FONT></B>&nbsp;</P>
<B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B></B></FONT></FONT></B><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B>
<a name="_bclPageBorder26"></a><P style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD align=right width="100%"><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Courier New">Page: 26</FONT></B></FONT></FONT></B></TD></TR></TABLE></P>
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<A name="page_27"></A>
<a name="_bclPageBorder27"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 1pt; BORDER-BOTTOM: medium none; mso-border-top-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 0in 0in 0in; mso-border-between: .5pt solid windowtext; mso-padding-between: 1.0pt; mso-padding-top-alt: 1.0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="31%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">HOLDING AND CONSOLIDATED</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom align=center width="15%">
<P style="MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3rd Qtr./10</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom align=center width="1%">
<P style="MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom align=center width="15%">
<P style="MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2nd Qtr./10</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Balance at beginning of period</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,259,375</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,212,676</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Billing for services provided</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">88,530</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">87,802</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Collections - current year&#146;s services</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(53,571)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(41,103)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Collections - previous year&#146;s services</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Balance at the end of the period</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2pt double" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,294,334</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2pt double" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,259,375</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Current</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">29,476</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">72,946</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="69%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Non-current </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,264,858</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,186,429</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The non-current portion consists of past-due and renegotiated balances with customers and past-due receivables related to the wholesale of water to municipal authorities and is recorded net of allowance for doubtful accounts.</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-INDENT: 0.6pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The aging of trade accounts receivable is as follows:</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-INDENT: 0.6pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="26%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">HOLDING AND CONSOLIDATED</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Sep/10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Jun/10</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Current </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">1,064,940</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">958,807</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Past-due:</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Up to 30 days</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">138,693</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">147,720</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">From 31 to 60 days</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">70,369</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">72,162</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">From 61 to 90 days</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">42,278</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">44,708</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">From 91 to 120 days</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">37,257</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">39,717</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">From 121 to 180 days</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">71,187</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">82,629</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">From 181 to 360 days</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">129,793</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">119,711</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Over 360 days</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">1,934,937</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">1,888,234</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Total</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">3,489,454</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">3,353,688</FONT></U></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-INDENT: 0.6pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-INDENT: 0.6pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allowance for doubtful accounts</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-INDENT: 0.6pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0.75in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(i)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The activity of the provision can be presented as follows:</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">HOLDING AND CONSOLIDATED</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom align=center width="13%">
<P style="MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">HOLDING</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3rd Qtr /10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3rd Qtr /09</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Beginning balance</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,999,309</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,769,358</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 35.4pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 35.4pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Private sector / government entities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">50,759</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">17,622</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Bulk sales</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">47,234</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">22,438</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 35.4pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 35.4pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Additions for the period</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: right"><U><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">97,993</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: right"><U><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">40,060</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Ending balance</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,097,302</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,809,418</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 35.4pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 35.4pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Current</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">991,581</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">849,090</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Non-current</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,105,721</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">960,328</FONT></P>
</TD></TR></TABLE></DIV><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B></DIV>
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<a name="_bclPageBorder27"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%"><STRONG><FONT face="Courier New"></FONT></STRONG>&nbsp;</DIV>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD align=right width="100%"><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Courier New">Page: 27</FONT></B></FONT></FONT></B></TD></TR></TABLE><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B>
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<a name="_bclHeader28"></a><DIV><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</DIV>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In the Result</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company recorded probable credit losses in accounts receivable calculated, in the third quarter of 2010, in the amount of R$88,631, directly to income of the period, booked in the &#147;Selling Expenses&#148; line item. In the third quarter of 2009, these losses were R$71,509.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top align=center width="52%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">HOLDING AND CONSOLIDATED</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3rd Qtr /10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">jan to sep/10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3rd Qtr /09</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">jan to sep/09</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Provisions (over 5,000 Brazilian reais)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">(118,861)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">(326,830)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">(76,421)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">(297,743)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Recoveries (over 5,000 Brazilian reais)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">20,868</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">83,758</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">24,480</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">109,733</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Write-offs (lower or equal to 5,000 Brazilian reais)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">(43,062)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">(120,011)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">(43,397)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">(123,844)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Recoveries (lower or equal to 5,000 Brazilian reais)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">52,424</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">105,172</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">23,829</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">77,196</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Expenses </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">(88,631)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">(257,911)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">(71,509)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">(234,658)</FONT></U></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BALANCES AND TRANSACTIONS WITH RELATED PARTIES</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company is a party to transactions with its controlling shareholder, S&#227;o Paulo State Government (&#147;Gesp&#148;), and companies related to it.</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman,serif">Accounts receivable, interest on capital and operating revenue with the S&#227;o Paulo State Government</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top align=center width="26%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">HOLDING AND CONSOLIDATED</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom align=center width="13%">
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sep/10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom align=center width="13%">
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jun/10</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Intercompany receivables</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Current assets:</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Water and sewage services (i)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">111,069</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">112,469</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Gesp Agreement (iii), (iv) and (v)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">22,861</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">24,437</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Provision for Losses (v)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(12,389)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(12,389)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reimbursement of additional retirement and pension benefits - Agreement (ii) and (vi)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">25,494</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">25,494</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reimbursement of additional retirement and pension benefits paid - Monthly flow (ii) and (vi)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4,363</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">5,337</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total current assets</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">151,398</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">155,348</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Long-term assets:</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Water and sewage services - Gesp Agreement (iii), (iv) and (v)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">57,869</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">63,720</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reimbursement of additional retirement and pension benefits paid - Controversial (ii) and (vi)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">510,324</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">496,084</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Provision for Losses - Controversial (vii)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(510,324)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(496,084)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reimbursement of additional retirement and pension benefits - Agreement (ii) and (vi)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">167,831</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">174,205</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reimbursement of additional retirement and pension benefits - Reservoir (ii) and (vi)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">696,283</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">696,283</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total Non-current</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">921,983</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">934,208</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total receivable from shareholder</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,073,381</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,089,556</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Provision of water and sewage services</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">179,410</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">188,237</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reimbursement of additional retirement and pension benefits</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">893,971</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">901,319</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,073,381</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,089,556</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR></TABLE></DIV>
<DIV align=left>&nbsp;</DIV></DIV><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD align=right width="100%"><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Courier New">Page: 28</FONT></B></FONT></FONT></B></TD></TR></TABLE>
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</DIV>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV></B></FONT></FONT></B>


<A name="page_29"></A>
<a name="_bclPageBorder29"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader29"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-line-height-rule: exactly"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom align=center width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif" color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1pt solid" vAlign=top align=center width="26%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif" color=#000000>HOLDING AND CONSOLIDATED</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Gross revenue from sales and services</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom align=center width="13%">
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3rd Qtr/10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom align=center width="13%">
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3rd Qtr/09</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Water sales</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">49,549</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">46,517</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sewage services</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">44,129</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">40,060</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Receipts</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(104,081)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(76,387)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial Income</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">43,527</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">15,058</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Water and sewage services</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company provides supply services of water and collection of sewage to the State Government and other Companies related to it, under terms and conditions considered by Management as normal in the market, except as to the form of settlement of the credits, that may be realized under the conditions mentioned in items (iii), (iv) and (v).</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reimbursement of additional retirement and pension benefits paid </FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">It refers to amounts of supplemental benefits of retirement and pension plan provided by State of Sao Paulo&#146;s Law nr. 4819/58 (&#147;Benefits&#148;) paid by the Company to former employees or retirees.</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-INDENT: 0.6pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Second Amendment to the Gesp Agreement</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-INDENT: 0.6pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">On December 28, 2007, the Company and the State of S&#227;o Paulo, by means of the Secretary of Treasury signed the second amendment to the terms of the original Gesp agreement, (1) agreeing with the payment is installments of teh remaining balance of the First Amendment, in the amount of R$133,709 (amount in November 30, 2007) to be paid in 60 equal, monthly and consecutive installments, the first one maturing on January 02, 2008. The amount of the installments is monetarily adjusted according to the variation of the IPCA-IBGE, added by simple interests of 0.5% per month. In the balance of this agreement, which installments have been paid monthly, there is an amount of R$46,244 that the State does not recognize as due. Sabesp has an understanding different from the State regarding this amount, not admitting the review of these previously agreed upon values, wit
hout the demonstration, in a grounded and unmistaken way, of the </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">lack of correspondence between the amounts presented by Sabesp and the services effectively provided. (2) with regards to the past due and unpaid accounts in the period from March, 2004 to October, 2007, resulting from the provision of water and collection of sewage services in the total of R$256,608, R$236,126 have been received and R$8,093 were transferred to other debtor and R$12,389, object of discrepancies about the validation were submitted to ARSESP and are under analysis. Up to the moment, divergences as to the debtor have been identified, although not regarding the amount of the debt. In case of reclassification of the person responsible for paying the bill, Sabesp transferred the collection to the corresponding Entity. (3) the</FONT><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" fa
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<FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">interests on shareholders&#146; equity due by Sabesp to the State, referring to the period from March, 2004 to December, 2006, in the amount of R$400,823, restated from June, 2007 to November, 2007 by the Selic rate, were paid in the period from January to March, 2008, (4) the State and Sabesp agreed upon resuming the fulfillment of their reciprocal obligations, timely, under the new premises: (a) implementation of the accounts electronic management system to facilitate and speed up the follow-up of the payment processes and the procures of budgeting management; (b) structuring of the Programa of Uso Racional de Agua - PURA, to rationalize the consumption of water and the amount of the water and sewage bills of the responsibility of the State; (c) the establishment, by the State, of criteria in the budgeting of a way to avoid the displacement of amounts in the specific line of water and sewage bills as of 2008; (d) possibility of registrat
ion of state entities and bodies in a default system or master file; (e) possibility of interruption of the supply of water to the state entities in case of default in the payment of water and sewage bills.</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-INDENT: 0.6pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-INDENT: 0.6pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Out of the invoicing of the months of November, 2007 to September, 2010, approximately 96% of the accounts have already been paid by the State Government.</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-INDENT: 0.6pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Amendment to Gesp Agreement</FONT></P>
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<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Gesp, Sabesp and DAEE, on November 17, 2008, entered into the Third Amendment to the Term of Agreement of Payment Commitment, and Other Agreements, where the State confesses to owe Sabesp the amount of R$915,251, monetarily adjusted until September, 2008 by the IPCA-IBGE, corresponding to the Uncontroversial Amount, calculated by FIPECAFI. Sabesp accepts temporarily the Reservoirs as part of the payment of the Uncontroversial Amount and offers to the State a temporary settlement, constituting a financial credit of R$696,283, corresponding to the value of the Reservoirs. The definitive settlement will only occur with the effective transfer of property in the relevant real estate notary. The remaining balance of R$218,967 is being paid in 114 monthly and consecutive installments, in the amount of R$1,920 each, restated annually by the IPCA/FIPE, added by interests of 0.5% p.m., the firs
t installment became due on November 25, 2008.</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sabesp and the State are working together in order to obtain legislative authorization in order to make viable the transfer of the Reservoirs to Sabesp. However, the Attorney General Office of the State of Sao Paulo questioned the legal validity of this agreement, by means of public civil action, which main argument is the absence of specific legislative authorization for the alienation of DAEE&#180;s estate. On October 7<SUP>th</SUP>, 2004 it was published the first level decision having been decided for the &#147;&#133;.acceptance of the requests for purposes of declaring VOID the legal business entered into between Sabesp, DAEE and the State of Sao Paulo for assignment assets and credits included into the Term of Obligation Recognition, Payment Commission and Other Covenants executed on December 11, 2001 and, consequently, the expenses, upon return to the previous status, upon the 
return of Alto Tiete to the autarchy&#146;s estate&#148;. It was obtained the suspension effect of the decision. SABESP, the State Treasury and the DAEE appealed to the Court of Justice of the Sao Paulo. On August 23 of the current year, the appeal motions were submitted to trial, not being acknowledged DAEE&#180;s appeal and denied acceptance to the others. Declaratory appeals were filed and the Company seeks to take the discussion up to the Superior Court of Justice. The effects of the decision will remain suspended until it <FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">becomes </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">res judicata</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">, as approved by the President of the Court of Justice. The Company&#146;s legal counsels assess the risk of losing this proceeding as probable, in case the referred legislative authorization is obtained, which would prevent the transfer o
f the respective reservoirs as partial amortization of the balance receivable.</FONT></FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">(v) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As mentioned before, on November 17, 2008 the Company and the State executed the 3<SUP>rd</SUP> Amendment to GESP Agreement, in such occasion that the amounts called controversial and uncontroversial have been quantified. In such Amendment, efforts have been set in order to resolve what was called as</FONT></P>
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<FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">Controversial Amount of Benefits. According to the fourth clause of this instrument, the Controversial Amount is represented by the difference between the Uncontroversial Amount and the amount effectively paid by the Company as supplemental retirement and pension benefits provided for Law 4819/58, under the original responsibility of the State of Sao Paulo, in the Company&#146;s understanding, although paid by Sabesp until May, 2008, due to judicial order. </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">In executing the Third Amendment, an appreciation of the divergences that gave rise to the controversial amount of the benefits provided by Law 4819/58 has been provided. Such expectation was, at that time, based on the PGE&#146;s will to reanalyze the matter and also, in the Company&#146;s understanding, to the reimbursement based on external legal opinions.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">However, recent opinions issued by PGE and received on September 4<SUP>th</SUP> and 22<SUP>nd</SUP>, 2009 and on January 4<SUP>th</SUP>, 2010, once again denied the reimbursement of the larger portion of this amount. As a consequence, the management&#146;s understanding has been changed about receiving the Controversial Amount upon a direct negotiation with the State.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">Although the negotiations with the State are still underway, it is no longer possible to ensure that the Company will recover, in an entirely amicable way, the credits related to the Controversial Amount. </FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">Sabesp will not waiver to the credits that the Company considers being legitimate holder against the State. In this sense, it shall exhaust all possibilities to resolve the question in the technical and legal levels. If the divergence persists, the Company shall adopt all necessary measures to safeguard the Company&#146;s interests.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">In this context, the Company&#146;s management decided to recognize in the 2008 results a provision for losses on the outstanding balance of the controversial amount. This provision, in September 30, 2010 was R$510,324. As a consequence of the recognition of this provision, it was also recorded the obligation related to the actuarial commitment kept with the beneficial owners, which right has been denied by the State, under the way it is paid by Sabesp. On September 30, 2010, the amount of this obligation was R$493,531 (June 30, 2010 &#150; R$507,772). The details of the actuarial obligation are presented in the explanatory note nr. 13.</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s balance of banks and short-term investments accounts with financial institutions controlled by the State Government was R$1,325,368 and R$1,009,639 on September 30, 2010 and June 30, 2010, respectively. The financial income from such investments was R$43,527 and R$15,058 in the third quarter of 2010 and 2009, respectively. The Company, due to State Decree n&#186; 55,357 of January 18, 2010, must invest its excess resources with financial institutions controlled by the State Government.</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Agreement for the use of reservoirs</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</P>
<FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">In its operations, the Company uses the Guarapiranga and Billings reservoirs; should these reservoirs not be available for use to the Company, there could be the need to collect water in more distant places. The Company does not pay any fee for the use of these reservoirs but it is responsible for their maintenance and operating costs.</FONT><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B></DIV>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(d) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Agreements with lower tariffs with State and Municipal Government Entities that joined the Rational Water Use Program (PURA).</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company has contracts signed with public entities linked to the State Government and to the municipalities served involving approximately 6,200 properties, which are benefited with a 25% reduction in the tariffs of the services of water supply and sewage collection, when not in default. The contracts provide for the implementation of the rational use of water program, which considers a reduction in the consumption of water.</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantees</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The State Government grants guarantees for some loans and financings of the Company and does not charge any fee related thereto.</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sesamm</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">On August 15, 2008, the Company, as part of its growing process, together with the companies OHL M&#233;dio Ambiente, Inima S.A.U. - Unipersonal (&#147;Inima&#148;), T&#233;cnicas y Gestion Medioambiental S.A.U. (&#147;TGM&#148;) and Estudos Tecnicos e Projetos ETEP Ltda. (&#147;ETEP&#148;) organized the company Sesamm - Servi&#231;os de Saneamento de Mogi Mirim S/A (&#147;Sesamm&#148; or &#147;Subsidiary&#148;) which corporate object is the provision of services of supplementation of the implementation of the system of separation of sewage and implementation and operation of the sewage treatment system of the Municipality of Mogi Mirim, including the disposal of solid waste generated, as per note 7.</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract of personnel assignment among entities related to GESP</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company has contracts of personnel assignments with entities related to the S&#227;o Paulo&#146;s State Government, where the expenditures are fully passed on the monetarily reimbursed.</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">On September 30, 2010, the expenditures with employees transferred by Sabesp to other state entities amounted to R$1,396 (September 30, 2009 &#150; R$1,364).</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">In the same period, the expenditures with the employees of other entities at Sabesp&#146;s disposal totaled R$72 (September 30, 2009 - R$73).</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(h) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Services contracted from entities related to GESP</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">On September 30, 2010 Sabesp had outstanding the balance of R$11,131 payable referring to services provided to entities related to S&#227;o Paulo&#146;s State Government, among which we highlight the services of electric energy supply by Companhia Energetica de Sao Paulo - CESP, totaling 88% of the balance payable.</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(i)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Non-operating Assets</FONT></FONT></P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company had, on September 30 and June 30, 2010, the amount of R$25,371, respectively, mainly related to land granted in free lease [</FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">comodato</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">] to Associations, Assistance Entities, Non-Governmental Organizations and to the DAEE &#150; Department of Water and Electric Energy, among others. The land granted to the DAEE amount to R$2,289.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sabesprev</FONT></P>
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<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company sponsors the defined contribution plan managed by Funda&#231;&#227;o Sabesp de Seguridade Social - Sabesprev. The net actuarial obligation, recorded up to September 30, 2010, is R$506,660 (June 30, 2010 - R$504,114).</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Management is making efforts towards maintaining, in permanent basis, the timely payment by the State regarding the transactions between the parties.</FONT></P>
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<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INDEMNIFICATIONS RECEIVABLE</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Indemnities receivable are a non-current asset that represents amounts receivable from the Municipalities of Diadema and Mau&#225; as an indemnity for their unilateral termination of the concessions for water supply and sewage collection services of the Company in 1995. As of September 30, 2010 and June 30, 2010, this asset amounted to R$146.213 (nominal amounts).</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Due to these concession agreements, the Company invested in the construction of water and sewage systems in those municipalities in order to meet its concession service commitments. For the unilateral termination of the Diadema and Mau&#225; concessions, the municipalities assumed the responsibility of supplying water and sewage services in those regions. At that time, the Company reclassified the balances of property, plant and equipment related to the assets used in those municipalities to non-current assets (indemnities receivable).</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The net book value of the items of property, plant and equipment related to the Municipality of Diadema, reclassified in December, 1996, was R$75,231, and the balance of the indemnifications receivable from the Municipality was R$60,295.</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The net book value of the items of property, plant and equipment related to the Municipality of Maua, reclassified in December, 1999, was R$103,763, and the balance of the indemnifications receivable from the Municipality was R$85,918.</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s rights to the recovery of these amounts are being judicially discussed by the municipalities.</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sabesp filed lawsuits to collect the amounts due by the municipalities. With regards to Diadema, the execution of the agreement entered with Diadema&#146;s Mayor Office and the Companhia de Saneamento de Diadema &#150; Saned, has started for the payment of the indemnification, the judge of first level accepted the appeals of the Mayor&#146;s Office and extinguished the execution. Sabesp filed an appeal against such sentence and, in December, 2005, partial approval to this appeal was granted to declare the validity of the agreement and determine that the appeals to the execution were once again judged in first level. On December 2007, the decision that accepted the execution of the Saned was rendered, ordering this company to be summoned to pay </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">the full amount of the debt within 15 days under the penalty of fi
ne. The realization of the pledge in cash was approved on Saned&#146;s bank accounts and financial investments (online pledge)up to 10% of the restated amount of the debit, being blocked and withdrawn the amount of R$2,919 in March 3<SUP>rd</SUP>, 2009. Later, the Court of Justice determined that the pledge be made upon weekly deposit by Saned of the amount corresponding to 20% on all it receives in its bank accounts and financial investments, such decision still being subject of appeal. Regarding Diadema Mayor&#146;s Office, a new sentence was&nbsp; given to the appeals to the execution, on October,</FONT></P>
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<FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">2009, recognizing the existence of the right to claim the debt, and affirming that the execution against the Municipality shall be made upon precatory notes (and not by pledge). Sabesp and the Mayor&#146;s Office have appealed against such judgment.</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">On December 29, 2008, Saned and the municipality of Diadema entered into, with the State of Sao Paulo and Sabesp, a Memorandum of Intent with the purpose to prepare studies and conduct negotiations to instruct decisions of Diadema and Sabesp, aiming at the exclusive provision of water and sewage services in the municipality of Diadema.</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The parties agreed that the search for a negotiated solution for the currently existing conflicts among the companies is fundamental so that the public service of water supply, sewage collection and treatment have their proper development in Diadema.</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">On January, 2009 the parties presented joint petition requesting the suspension of new pledges for the period of three months in order to try to make an agreement viable. The suspension was granted by the Judge of Public Treasury and, successively renewed, being the last renewal occurred on April, 2010 in face of negotiations for agreement.</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">With regards to Mau&#225;, a first level decision was given determining that the Municipality pays the amount of R$153.2 million as compensation for the damages caused and for loss of profits. The Maua&#146;s City Hall appealed against this decision. On July 2006, the decision was converted in diligence consisting of an expert clarification on the amount of the indemnity for loss of profits and the expert confirmed the amount of the loss of profits determined by the lower court. In August, 2008, the appeal was judged, having fully maintained the conviction imposed in the first level. The Maua Mayor&#146;s Office filed special and extraordinary appeals against the sentence that confirmed its conviction to indemnify Sabesp. Both appeals were not accepted by the Court of Justice, causing the filing of appeals to the Superior Court of Justice and to the Supreme Court. Superior Court of Justic
e has already denied acceptance to the appeal and confirmed the non admissibility of the special appeal.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Based on the opinion of the legal counsels, Management continues to affirm that the Company has legal right to receive the amounts corresponding the indemnification and it continues to monitor the situation of the lawsuits.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">7. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INVESTMENTS </FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jun/10</FONT></U></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Equity Result</FONT></U></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Addition</FONT></U></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sep/10</FONT></U></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sesamm</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,390</FONT></P>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(114)</FONT></P>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,276</FONT></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Saneaqua Mairinque</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">600</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">600</FONT></P>
</TD></TR>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Others</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 720</FONT></U></P>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -&nbsp;</FONT></U></P>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 720</FONT></U></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total</FONT></P>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4,110</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(114)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">600</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4,596</FONT></P>
</TD></TR></TABLE></DIV><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B></DIV><FONT style="mso-bidi-font-weight: normal; mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New">
<a name="_bclPageBorder34"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%"><a name="_bclFooter34"></a><B></B>&nbsp;</DIV>
<a name="_bclPageBorder34"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%"><a name="_bclFooter34"></a><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">On August 15, 2008 the company Sesamm - Servi&#231;os de Saneamento de Mogi Mirim S/A was organized with a duration term of 30 years counted from the date of signature of the Concession Contract with the municipality which corporate objective is the provision of services of complementation of the implementation of the separation system of sewages and implementation and operation of the sewage treatment system of the Municipality of Mogi Mirim, including the disposal of the solid waste generated.</FONT></DIV>
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<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">On September 30, 2010 the Sesamm&#146;s capital stock was R$10,669, divided into 10,669,549 common nominated shares, with no par value, of which Sabesp holds 36% of equity interest.</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">On September 30, 2010 the Sesamm&#146;s operations had not still been initiated.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">Sabesp and Foz do Brasil S/A organized, on October 8<SUP>th</SUP>, 2009, the company Aquapolo Ambiental S/A, having as corporate objective the production, supply and commercialization of water of reuse for Quattor Qumica S.A., Quattor Petroquimica S.A. and Quattor Participa&#231;&#245;es and other companies that integrate the Petrochemical Polo. Sabesp&#180;s equity interest is 49% of the capital stock that, on September 30, 2010 represented R$490 reais.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">On June 14<SUP>th</SUP>, 2010, Sabesp and Foz do Brasil S/A organized the company Saneaqua Mairinque S/A having as corporate objective the concession of public service of water and sewage of the Municipality of Mairinque. Sabesp&#180;s equity interest is 30% that on September, 2010 it represented R$600.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PROPERTY, PLANT &amp; EQUIPMENT</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">HOLDING</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sep/10 </FONT></U></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jun/10</FONT></U></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cost</FONT></U></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Accumulated depreciation</FONT></U></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Net</FONT></U></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Net</FONT></U></P>
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<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">In use</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;Water systems</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Land</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">366,786</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: right"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
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     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">366,786</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">954,512</FONT></P>
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<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Buildings</FONT></P>
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     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,291,534</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(781,413)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">510,121</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">990,912</FONT></P>
</TD></TR>
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     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connections</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">483,153</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(163,259)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">319,894</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">591,887</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Water meters</FONT></P>
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     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">143,164</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(57,610)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">85,554</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">154,903</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Networks</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,926,420</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(631,030)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,295,390</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,205,715</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wells</FONT></P>
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     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">179,837</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(114,834)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">65,003</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">69,987</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equipment</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">295,019</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(202,061)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">92,958</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">167,867</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">14,410</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(11,351)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,059</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,389</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4,700,323</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,961,558)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,738,765</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">5,139,172</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;Sewage systems</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Land</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">138,325</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">138,325</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">346,382</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Buildings</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">744,232</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(264,939)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">479,293</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">945,915</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connections</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">489,002</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(198,923)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">290,079</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">511,063</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Networks</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,341,233</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(539,456)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,801,777</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4,239,883</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equipment</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">215,782</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(158,019)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">57,763</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">153,455</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,533</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(2,100)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">433</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">491</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,931,107</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,163,437)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,767,670</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">6,197,189</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">General use</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Land</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">91,134</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">91,134</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">91,452</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Buildings</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">136,010</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(87,283)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">48,727</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">48,939</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Transportation equipment</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">138,215</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(116,885)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">21,330</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">21,133</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Information Technology Equipment</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: right"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">126,598</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(93,452)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">33,146</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">34,587</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Furniture, Fixture and Equipment</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: right"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">263,608</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(144,689)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">118,919</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">114,213</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lands granted in free lease</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">20,488</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: right"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">20,488</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: right"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">20,488</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Items granted in free lease</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">6,816</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,933)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4,883</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4,883</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">782,869</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(444,242)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">338,627</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">335,695</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Subtotal in operation</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">9,414,299</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(3,569,237)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">5,845,062</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11,672,056</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Work in progress:</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Water systems</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">924,031</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: right"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">924,031</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,782,600</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sewage systems</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,120,795</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,120,795</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,502,299</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Others </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">13,252</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">13,252</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12,873</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subtotal in progress</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,058,078</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: right"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,058,078</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4,297,772</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 35.4pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 35.4pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 35.4pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 35.4pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Grand Total</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12,472,377</FONT></U></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(3,569,237)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8,903,140</FONT></U></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">15,969,828</FONT></U></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-line-height-rule: exactly"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The consolidated balance is R$8,906,945, the difference being of R$3,792 in relation to the sewage projects and R$13 represented mainly by furniture and fixture and equipment.</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">On September 30, 2010 reclassifications amounting to R$7,348,740 have been carried out to items of property, plant and equipment to intangible assets, in relation to the execution of the &#147;Contract of Provision of Public Services of Water and Sanitation Sewage&#148; between the State and the Municipality of Sao Paulo and Sabesp, for the period of 30 years, authorized by the municipal law 14934/09.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">Such reclassifications are demonstrated as follows:</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fixed Assets in Operation&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,965,091</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fixed Assets in Progress&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,383,649</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The operating fixed assets represent the assets involved in the provision of water supply and sewage collections. Sabesp owns and manages assets that have come about as a result of economic-financial reports, and programme contracts. </FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The concession contracts provide that the assets will be returned to the conceding power at the end of the period, upon indemnification by the net market value as set forth in each contract. In the program contracts, the indemnification will correspond to the net present value of the cash flow in the remaining period at the date of resume of the services, monetarily restated and added by interests until the date of effective payment.</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Depreciation is calculated at the following rates:</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Structure - 2%, connections - 2%, hydrometers - 10%, networks - 2%, wells - 5%, equipment - 5%, transportation equipment - 10%, information technology equipment - 20%, furniture and fixture - 6.7%.</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT size=2></FONT>&nbsp;</P>
<B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B></DIV>
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<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Write-off of Property, Plant and Equipment </FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">In the third quarter and in the period from January to September, 2010, the Company wrote off items of Property, Plant &amp; Equipment in the amount of R$2,746 and R$14,941, respectively, being that our of the total written off, R$1,903 and R$13, 266 refer the assets in operation group, due to obsolescence, theft and alienation, and R$843 and R$1,675 refer to deactivated works, unproductive wells and economic unfeasible projects. In the same period of 2009, the write-offs totaled R$5,702 and R$14,021, respectively, resulting in a total loss of R$5,702 and R$11,750.</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest capitalization and financial charges</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company capitalized interests and monetary variation, including foreign exchange variation, into fixed assets in the amount of R$16,416 in the third quarter of 2010 (in the third quarter of 2009 &#150; R$(10,757)) during the period when the assets were presented as work in progress.</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Work in Progress</FONT></P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">The provision for disbursements from the fourth quarter of 2010 until 2015, referring to investments already contracted, is approximately R$2,483 million (not audited).</FONT></P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-INDENT: 0.6pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(e) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expropriations</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-INDENT: 0.6pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">As a result of the execution of priority works related to the water and sewage systems there was the need to expropriate in third party&#146;s properties which owners shall be reimbursed by amicable or judicial means. </FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The forecast for disbursements to be made after the fourth quarter, 2010, is approximately R$579 million (not audited), which shall be covered by own resources. The assets object of these lawsuits shall be recorded in the fixed assets when the operation is carried out. In the third quarter of 2010, the amount referring to the expropriations was R$3,328 (in the third quarter of 2009 - R$612).</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-INDENT: 0.6pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-INDENT: 0.6pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Assets given in Guarantee</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-INDENT: 0.6pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-INDENT: 0.6pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">On September 30, 2010 and June 30, 2010 the Company held assets in the amount of R$249,034 given in guarantee to Request of Special Payment in Installment - Paes (Note 12).</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-INDENT: 0.6pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-INDENT: 0.6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-operating Assets</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-INDENT: 0.6pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-INDENT: 0.6pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company had, on September 30, 2010 and June 30, 2010 the amount of R$25,371, related mainly to lands granted in free lease to the Associations, Assistance Entities, Non-Governmental Organizations and to the DAEE - Departamento de Aguas e Energia Eletrica, among others.</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-INDENT: 0.6pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-INDENT: 0.6pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revaluation</FONT></FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Property, plant and equipment items were revaluated in 1990 and 1991 and have been depreciated at annual rates which take into consideration the estimated remaining economic useful lives.</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-INDENT: 0.6pt; TEXT-ALIGN: justify"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-INDENT: 0.6pt; TEXT-ALIGN: justify"><FONT size=2></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">As permitted by CVM Instruction 197/93, the Company did not record a provision for the tax effects (deferred taxes) on the surplus of the revaluation of property, plant and equipment carried out in 1990 and 1991. Had the income tax and social contribution on the revaluation reserve been accounted for, the unrealized amount at September 30, 2010 would be R$328,723 (R$348,956 up to September 30, 2009). The amounts of R$35,816 and R$67,366 from the revaluation reserve were realized in the periods ended on September 30, 2010 and December 30, 2009, respectively. </FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company elected to keep the Revaluation Reserve recorded until its respective realization.</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Assets totally depreciated in operation</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">On September 30, 2010 and June 30, 2010 the gross book value of the totally depreciated assets that are still in use is R$979,733 and R$957,902, respectively.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PPP &#150; Public Private Partnership</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">- CABSPAT</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">Sabesp and CSB &#150; Sistema Produtor Alto Tiete S/A, special purpose company organized by the companies Galv&#227;o Engenharia S.A. and Companhia Aguas dop Brasil &#150; CAB Ambiental, executed in June, 2008 the Public Private Partnership contracts of the Sistema Produtor Alto Tiete.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">The service contract represents a 15-year commitment, during which the works of capacity increase of the Taia&#231;upeba Water Treatment Station, the construction of large-sized aqueducts and four reservoirs that will have the capacity to store 70 million litters, are provided.. In addition to the works, it shall be the company&#146;s responsibility the provision of maintenance services to the dams; inspection and maintenance of tunnels and channels; civil and electro-mechanic maintenance in units that integrate the Alto Tiete System; the treatment and final disposal of the mud generated in the production of treated water and other services. </FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">The initiative will make investments viable for the realization of a set of works and services that will enhance the offer of water from 10 to 15 thousand liters per second, thus ensuring the regularity of the supply across the region.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">On September 30, 2010 the book amount recorded in the Company&#146;s fixed assets related to the PPP still under construction is R$254,370 (Jun/2010 - R$206,010).</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">In the period from January to September, 2010 it was paid to CAB the amount of R$38,532, being R$23,115 recorded as expenses and R$15,417 as amortization of expenditures related to the construction.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INTANGIBLE</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">HOLDING AND CONSOLIDATED</FONT></U></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sep/10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">June/10</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Concessions (i)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">512,400</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">496,745</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Program contracts (commitments) (ii)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">303,825</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">306,534</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">License of Use (Software&#146;s) (iii)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">5,785</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">6,119</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Program Contracts - investments performed (iv)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">894,628</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">833,354</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">New Businesses (v)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,741</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,655</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Contract of Public Service Provision (SP) (vi)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">7,348,740</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">9,074,119</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,644,407</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(i) Concessions</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">In the period between 1999 and 2006, the negotiations for new concessions were conducted on the basis of the economic and financial results of the transaction, determined in an appraisal report issued by independent experts.</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The amount determined in the respective contract, after the transaction is closed with the municipal authorities, with payment through Company shares in cash, is recorded in this account and amortized over the period of the related concession (normally 30 years). As of September 30, 2010 and June 30, 2010 there were no amounts pending related to these payments to the municipalities. </FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-INDENT: -0.6pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The net amount shown relates to concessions with the following municipalities:</FONT></P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 4.95pt 0pt 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none" cellSpacing=0 cellPadding=0 border=0>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%"> <H3 style="MARGIN: 0in 0pt 0in 0in"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</H3></TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="60%" colSpan=4>
<DIV style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; MARGIN-LEFT: 2.85pt; BORDER-LEFT: medium none; MARGIN-RIGHT: 2.85pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">HOLDING AND CONSOLIDATED</FONT></P>
</DIV></TD></TR>
<TR style="HEIGHT: 20.65pt; page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 20.65pt" width="40%"> <H3 style="MARGIN: 0in 0pt 0in 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</H3></TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 20.65pt" width="45%" colSpan=3>
<DIV style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; MARGIN-LEFT: 2.85pt; BORDER-LEFT: medium none; MARGIN-RIGHT: 2.85pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Sep/10</FONT></P>
</DIV></TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 20.65pt" width="15%">
<DIV style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; MARGIN-LEFT: 2.85pt; BORDER-LEFT: medium none; MARGIN-RIGHT: 2.85pt; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Jun/10</FONT></P>
</DIV></TD></TR>
<TR style="HEIGHT: 35.1pt; page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 35.1pt" vAlign=bottom width="40%"> <H3 style="MARGIN: 0in 0pt 0in 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</H3></TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 35.1pt" vAlign=bottom width="15%">
<DIV style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Cost</FONT></P>
</DIV></TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 35.1pt" vAlign=bottom width="15%">
<DIV style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Accumulated amortization</FONT></P>
</DIV></TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 35.1pt" vAlign=bottom width="15%">
<DIV style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Net</FONT></P>
</DIV></TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 35.1pt" vAlign=bottom width="15%">
<DIV style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Net</FONT></P>
</DIV></TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Agudos</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">10,285</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(3,166)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">7,119</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">7,101</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Bom Sucesso do Itarar&#233;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">955</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(133)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">822</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">805</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Campo Limpo Paulista</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">21,204</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(5,321)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">15,883</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">16,055</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Conchas</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4,258</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,011)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,247</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,263</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Duartina</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,105</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(553)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,552</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,515</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Est&#226;ncia de Serra Negra</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">15,709</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(3,554)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12,155</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12,295</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Itapira</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">16,360</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,330)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">15,030</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">15,030</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Itarar&#233;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">6,543</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(2,263)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4,280</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4,336</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Marab&#225; Paulista</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,898</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(339)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,559</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,579</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Miguel&#243;polis</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11,728</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(2,379)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">9,349</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">9,479</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Osasco</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">317,263</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(97,599)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">219,664</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">201,917</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Paragua&#231;u Paulista</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">27,165</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(6,489)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">20,676</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">20,440</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Paulist&#226;nia</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">222</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(54)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">168</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">171</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sandovalina</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,595</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(430)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,165</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,168</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Santa Maria da Serra</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,270</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(397)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">873</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">883</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">S&#227;o Bernardo do Campo</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">237,464</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(52,904)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">184,560</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">186,549</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">V&#225;rzea Paulista</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">18,258</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(4,960)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">13,298</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">13,159</FONT></U></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">695,282</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(182,882)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">512,400</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">496,745</FONT></U></P>
</TD></TR></TABLE></DIV></DIV>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
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     <TD align=right width="100%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Page: 39</FONT></B></TD></TR></TABLE>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_40"></A>
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<a name="_bclHeader40"></a><DIV><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</DIV>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">The amortization of intangible assets is performed during the effective period of the concession agreements of the related municipalities.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">In the third quarter of 2010 and 2009, amortization expenses related to concession intangible rights were R$5,984 and R$5,790, respectively. </FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Program Contracts (commitments)</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">As of the regulatory mark, the renewals occurred by means of program contracts. In some of them the Company assumed commitments to financially participate in social environmental sanitation actions. </FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">On September 30 and June 30, 2010, these commitments were recorded as offset to intangible assets in the amount of R$323,765 deducted from the adjustment to present value of R$91,003 at an interest rate of 6% added to the IPCA.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">These assets are being amortized over the duration of the program contract (in their majority on 30 years). </FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The committed amounts are related to the following municipalities:</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR style="page-break-inside: avoid">
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="52%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">HOLDING AND CONSOLIDATED</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="39%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><U><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">Sep/10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><U><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">Jun/10</FONT></U></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Municipality</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cost</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Accumulated <BR>
</FONT><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">amortization</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;Net</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;Net</FONT></U></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Alfredo Marcondes</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">70</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(6)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">64</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">64</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Aparecida D&#146;Oeste</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">45</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(3)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">42</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">42</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Auriflama</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">110</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(3)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">107</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">108</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Avar&#233;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">5,000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(375)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4,625</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4,667</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Bento de Abreu</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">50</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(5)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">45</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">46</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Bocaina</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">800</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(73)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">727</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">733</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Botucatu</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">28,979</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(403)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">28,576</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">28,818</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Ca&#231;apava</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">9,000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(675)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8,325</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8,400</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cajuru</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,236</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(31)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,205</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,224</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Campos do Jord&#227;o</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(308)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,692</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,717</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cap&#227;o Bonito</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(150)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,850</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,867</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Emilian&#243;polis</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">112</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(11)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">101</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">102</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Esp&#237;rito Santo do Pinhal</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">5,179</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(101)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">5,078</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">5,121</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fartura</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">243</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(18)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">225</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">227</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fernand&#243;polis</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">9,500</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(871)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8,629</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8,708</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Franca</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">20,676</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(2,182)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">18,494</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">18,666</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Indiapor&#227;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">250</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(19)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">231</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">233</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Irapu&#227;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">260</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(6)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">254</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">256</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jales</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4,426</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(455)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,971</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4,008</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Lorena</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">9,000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(825)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8,175</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8,250</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Magda</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">320</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(8)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">312</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">315</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Mococa</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8,843</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(663)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8,180</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8,253</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Mombuca</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">196</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(18)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">178</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">181</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Monte Alto</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">5,000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(389)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4,611</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4,653</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Novo Horizonte</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">5,000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(375)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4,625</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4,667</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Osvaldo Cruz</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,336</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(33)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,303</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,323</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Pindamonhangaba</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">16,000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,289)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">14,711</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">14,844</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Piratininga</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">350</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(27)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">323</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">326</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Planalto</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">39</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(4)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">35</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">35</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Platina</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">30</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">30</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">30</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Ponga&#237;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">35</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">34</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">34</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Quat&#225;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(25)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">975</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">983</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Riol&#226;ndia</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,643</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(198)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,445</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,467</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Santa Rosa do Viterbo</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,697</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(62)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,635</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,665</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">S&#227;o Jo&#227;o da Boa Vista</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">16,700</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,253)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">15,447</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">15,587</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">S&#227;o Jos&#233; dos Campos</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">142,945</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(8,339)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">134,606</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">135,798</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">S&#227;o Luiz Paraitinga</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">600</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(55)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">545</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">550</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">S&#227;o Manuel</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,300</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(97)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,203</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,213</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Tatu&#237;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">9,795</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(136)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">9,659</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">9,752</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Tup&#227;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">5,540</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(431)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">5,109</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">5,155</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Valentim Gentil</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">140</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(13)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">127</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">128</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Zacarias</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 316</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 318</FONT></U></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">323,765</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(19,940)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">303,825</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">306,534</FONT></U></P>
</TD></TR></TABLE></DIV><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B></DIV>
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<a name="_bclPageBorder41"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader41"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-line-height-rule: exactly"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">In the third quarter of 2010 and 2009, the amortization expenses related to the commitments of the program contracts were R$2,709 and R$2,246, respectively.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The amounts not yet disbursed related to program contracts are recorded under the caption &#147;other obligations&#148; in current liabilities, R$67,317 and non-current liabilities, R$105,246.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iii) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; License for Use (Software)</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The net amount of the amortizations of the license for the use of Software in September 30, 2010 was R$5,785 (jun/10 - R$6,119).</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B></DIV>
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<a name="_bclHeader42"></a><DIV><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Program Contracts - Investments Performed</FONT></DIV>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Refer to renewals of the contracts previously named full concession to operating concession, through program contracts that have the object the provision of municipal public services of supply and sanitation sewage, where the Company has the ownership and management of the assets acquired or constructed during the term of these contracts (30 years).</FONT></P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="52%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="36%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sep/10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; Jun/10 &nbsp;</FONT></U></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cost</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Accumulated </FONT><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">amortization</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;Net</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Net</FONT></U></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="52%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="52%" colSpan=2>
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">In use</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="52%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Water systems</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Land</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7,564 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; (470)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; 7,094 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; 7,151 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Buildings</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; 50,069 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; (3,185)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 46,884 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 46,397 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Connections</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; 33,107 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; (1,849)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; 31,258 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 28,616 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Water meters</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; 19,970 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; (1,144)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; 18,826 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 18,378 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Networks</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; 95,464 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; (5,306)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; 90,158 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 85,550 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Wells</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; 12,595 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; (728)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; 11,867 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 11,828 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Equipment</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; 17,449 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; (2,374)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; 15,075 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 14,516 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Others </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,790 </FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;(119)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; 1,671 </FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 1,687 </FONT></U></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subtotal</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 238,008 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; (15,175)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 222,833 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 214,123 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="52%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sewage systems</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Land</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,867 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; (172)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; 2,695 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; 2,715 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Buildings</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; 65,626 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; (3,560)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 62,066 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; 53,870 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Connections</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; 39,524 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; (2,251)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 37,273 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;36,493 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Networks</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 132,360 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; (7,666)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;124,694 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;117,556 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Equipment</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; 21,474 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; (2,737)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 18,737 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 17,970 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Others </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,051 </FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; (134)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; 1,917 </FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;1,929 </FONT></U></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subtotal</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 263,902 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; (16,520)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 247,382 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;230,533 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">General use</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Land</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; &nbsp;&nbsp;10 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Buildings</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 392 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 379 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; 379 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Transportation equipment</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6,097 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; (382)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; 5,715 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; 5,754 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Information Technology Equipment</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,217 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; (70)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; 1,147 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 1,138 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Furniture, Fixture and Equipment</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;6,261 </FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (475)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; 5,786 </FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; 5,749 </FONT></U></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subtotal</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 13,976 </FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; (940)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; 13,036 </FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 13,030 </FONT></U></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total in Operation</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; 515,886 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; (32,635)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; 483,251 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;457,686 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="52%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Work in progress:</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Water systems</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; 126,568 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; 126,568 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 102,379 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Sewage systems</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; 284,462 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 284,462 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 272,943 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Others </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; 347 </FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; - </FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 347 </FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 346 </FONT></U></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total in progress</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 411,377 </FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; 411,377 </FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;375,668 </FONT></U></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Grand Total</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 927,263 </FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; (32,635)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 894,628 </FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;833,354 </FONT></U></P>
</TD></TR></TABLE>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-line-height-rule: exactly"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The amortization of the assets is performed during the effectiveness of the program contracts.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(v)&nbsp; New Businesses</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">It was signed, in August, 2009, with the Companhia of Saneamento de Alagoas (CASAL), the specialized technical services contract and technology transfer with the purpose to implement a program of loss reduction and revenue evasion of the Municipalty of Maceio, by 60 months.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">On September 30, 2010 the amount in progress referring to this contract was R$8,741 (jun/10 - R$1,655).</FONT></P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">(vi) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contract of Public Service Provision &#150; Sao Paulo </FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">On September 30, 2010, the Company reclassified the net amount of R$7,348,740 from Fixed Assets to Intangibles referring to the execution of the &#147;Contract of Public Service Provision of Water Supply and </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 12pt" face="Times New Roman,serif">Sanitation Sewage&#148; between the State and the Municipality of Sao Paulo and Sabesp, for the period of 30 years, authorized by the municipal law 14934/09.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Set/10</FONT></U></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jun/10</FONT></U></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cost</FONT></U></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Accumulated </FONT><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">amortization</FONT></U></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;Net</FONT></U></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Net</FONT></U></P>
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<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">In use</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Water systems</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Land</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 587,726 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; - </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; 587,726 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Buildings</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;1,410,492 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;(942,179)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; 468,313 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Connections</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 626,675 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;(286,469)</FONT></P>
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     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 340,206 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Water meters</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 190,615 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;(95,997)</FONT></P>
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     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 94,618 </FONT></P>
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     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Networks</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;1,604,317 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(688,744)</FONT></P>
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     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; 915,573 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Wells</FONT></P>
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     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; 4,207 </FONT></P>
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     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;(1,891)</FONT></P>
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     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; 2,316 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; - </FONT></P>
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<TR style="HEIGHT: 14.2pt">
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Equipment</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 299,081 </FONT></U></P>
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     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;(225,405)</FONT></U></P>
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     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; 73,676 </FONT></U></P>
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     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; - </FONT></U></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subtotal</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;4,723,113 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(2,240,685)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,482,428 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; - </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="52%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sewage systems</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Land</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 208,056 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 208,056 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Buildings</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;1,351,391 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;(645,294)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 706,097 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Connections</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 484,340 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; (248,234)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 236,106 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Networks</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;3,116,391 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;(879,470)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,236,921 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Equipment</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; 415,803 </FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; (320,320)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; 95,483 </FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></U></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subtotal</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 5,575,981 </FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;(2,093,318)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,482,663 </FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; - </FONT></U></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total in Operation</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">10,299,094 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;(4,334,003)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;5,965,091 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; - </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="52%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Work in progress:</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Water systems</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 906,163 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 906,163 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Sewage systems</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;477,374 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 477,374 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Others </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112 </FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112 </FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; - </FONT></U></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total in progress</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,383,649 </FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;1,383,649 </FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></U></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Grand Total</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11,682,743 </FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(4,334,003)</FONT></U></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;7,348,740 </FONT></U></P>
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     <TD align=right width="100%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Page: 44</FONT></B></TD></TR></TABLE>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LOANS, FINANCINGS &amp; DEBENTURES </FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Outstanding balance of loans and financings</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">HOLDING</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Sep/10</FONT></U></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Jun/10</FONT></U></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
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<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Current</FONT></P>
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<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Current</FONT></P>
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<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Non-current </FONT></P>
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<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Total</FONT></P>
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<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Guarantees</FONT></P>
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<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Final maturity</FONT></P>
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<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Annual interest rate</FONT></P>
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<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Monetary adjustment</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Financial Institution:</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" face="Times New Roman">COUNTRY</FONT></P>
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</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 6pt" face="Times New Roman">Uni&#227;o Federal / Banco do Brasil</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">309,220</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">898,037</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">1,207,257</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">301,904</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">975,120</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">1,277,024</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Gov.Est.S.Paulo and own resources</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">2014</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">8.50%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">UPR</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Debentures 6th Issuance</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">238.461</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">238,461</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Unsecured</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">2010</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">11%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">IGP-M</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Debentures 8th Issuance</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">451,266</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">451,266</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">442,091</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">442,091</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Unsecured</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">2011</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">10.75%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">IGP-M</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Debentures 9th Issuance</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">228,279</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">228,279</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">228,355</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">228,355</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Unsecured</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">2015</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">CDI+2.75% (1st series) and 12.87% (2nd series)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">IPCA</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Debentures 10th Issuance</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">277,319</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">277,319</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">277,435</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">277,435</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Unsecured</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">2020</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">TJLP+1.92% (1st series and&nbsp; 3rd series) and 9.53% (2nd series)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">IPCA</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Debentures 11th Issuance</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">1,205,528</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">1,205,528</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">1,204,925</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">1,204,925</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Unsecured</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">2015</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">CDI+1.95% (1st series) and CDI+1.4% (2nd series)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Debentures 12th Issuance</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">499,975</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">499,975</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">499,975</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">499,975</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Unsecured</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">2025</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">TR+9.5%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Caixa Econ&#244;mica Federal</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">87,163</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">767,964</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">855,127</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">84,076</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">737,260</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">821,336</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Own Resources</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">2010/2032</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">6.8% (weighted)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">UPR</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Promissory Notes</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">599,795</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">599,795</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Own Resources</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">2011</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">CDI + 0.65%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" face="Times New Roman">FIDC - Sabesp I</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">27,778</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">27,778</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">41,667</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">41,667</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Own Resources</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">2011</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">CDI + 0.70%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 6pt" face="Times New Roman">Banco Nacional de Desenvolvimento Econ&#244;mico e Social - BNDES</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">43,261</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">51,379</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">94,640</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">43,119</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">62,241</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">105,360</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Own Resources</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">2013</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">3% + TJLP LIMIT 6%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 6pt" face="Times New Roman">Banco Nacional de Desenvolvimento Econ&#244;mico e Social - BNDES Baixada Santista</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">130,474</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">130,474</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">130,474</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">130,474</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Own Resources</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">2019</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">2.5% + TJLP LIMIT 6%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 6pt" face="Times New Roman">Banco Nacional de Desenvolvimento Econ&#244;mico e Social &#150; BNDES PAC</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">681</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">37,320</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">38,001</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">30,001</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">30,001</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Own Resources</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">2023</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">2.15% + TJLP LIMIT 6%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 6pt" face="Times New Roman">Banco Nacional de Desenvolvimento Econ&#244;mico e Social &#150; BNDES ONDA LIMPA</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">216,979</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">216,979</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">202,973</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">202,973</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Own Resources</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">2025</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">1.92% + TJLP LIMIT 6%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Others</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">3,294</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">5,322</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">8,616</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">3,271</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">7,374</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">10,645</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Own Resources</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">2011/2018</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">12% / CDI / TJLP+ 6%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">UPR</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Interests and charges</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">100,883</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">100,883</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">132,784</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">132,784</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Total Domestic</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">1,023,546</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">4,918,371</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">5,941,917</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">1,287,373</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">4,356,133</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">5,643,506</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" face="Times New Roman">FOREIGN CURRENCY</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Inter-American Development Bank - BID US$&nbsp;356,267 thd. (Jun/10 - US$&nbsp;354,579 thd)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">63,693</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">539,894</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">603,587</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">66,088</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">572,687</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">638,775</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Federal</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Government</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">2016/2025</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">3.00% a 4.13%</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">(i)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Currency Basket Var. + US$</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Euro Bonds - US$&nbsp;140,000 thd (Jun/10 - US$&nbsp;140,000 thd)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">237,188</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">237,188</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">252,210</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">252,210</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">2016</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">7.5%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">US$</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" face="Times New Roman">JICA - Yens 21,316,000 thd (Jun/10 - Yens 21,316,000 thd)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">11,695</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">421,020</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">432,715</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">434,420</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">434,420</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Federal</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Government</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">2029</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">1.8% and 2.5% (i)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Yens</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" face="Times New Roman">BID 1983AB - US$&nbsp;250,000 thd (Jun/10 - US$&nbsp;250,000 thd.)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">40,563</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">379,827</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">420,390</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">43,132</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">404,006</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 6pt" face="Times New Roman">447,138</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">2023</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">4.47% to 4.97% (i)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman">US$</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Interests and charges</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">21,805</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">21,805</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">16,361</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">-</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">16,361</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 6pt" face="Times New Roman">Total International</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">137,756</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">1,577,929</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">1,715,685</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">125,581</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">1,663,323</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">1,788,904</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="10%">
<P style="MARGIN: 0in 0in 0pt"><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">TOTAL OF LOANS AND FINANCING</FONT></U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">S</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">1,161,302</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">6,496,300</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">7,657,602</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">1,412,954</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">6,019,456</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 6pt" face="Times New Roman">7,432,410</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 6pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR></TABLE></DIV>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
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     <TD align=right width="100%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Page: 45</FONT></B></TD></TR></TABLE><BR>
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<a name="_bclHeader46"></a><DIV><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</DIV>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Parity rates as of September 30, 2010: US$ 1.6942; Yen 0.0203 (June 30, 201: US$ 1.8015; Yen 0.020380).</FONT></P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><I><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">On September 30, 2010 the Company did not have short term balances of loans and financings.</FONT></P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><I><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">The consolidated balance totals the amount of R$7,659,942, being the difference of R$2,340 referring to a loan performed by Sesamm on September 02, 2010 for working capital, having 78 days for its settlement.</FONT></P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><I><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The demonstration of the annual interest rates is summarized in the contract&#146;s general chart.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify">&nbsp;</P>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 19.85pt">
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 19.85pt" vAlign=bottom noWrap width="30%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sep/10</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" vAlign=bottom noWrap width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 19.85pt" vAlign=bottom noWrap width="30%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jun/10</FONT></P>
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     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" vAlign=bottom noWrap width="10%" rowSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">interest rate</FONT></P>
</TD></TR>
<TR style="HEIGHT: 19.85pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" vAlign=bottom noWrap width="29%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" vAlign=bottom noWrap width="10%">
<DIV style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Current</FONT></P>
</DIV></TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" vAlign=bottom noWrap width="10%">
<DIV style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Non-current </FONT></P>
</DIV></TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" vAlign=bottom noWrap width="10%">
<DIV style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total</FONT></P>
</DIV></TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" vAlign=bottom noWrap width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" vAlign=bottom noWrap width="10%">
<DIV style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Current</FONT></P>
</DIV></TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" vAlign=bottom noWrap width="10%">
<DIV style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Non-current </FONT></P>
</DIV></TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" vAlign=bottom noWrap width="10%">
<DIV style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total</FONT></P>
</DIV></TD></TR>
<TR style="HEIGHT: 19.85pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="29%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">BID </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Contract 713</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">41,574</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">270,226</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">311,800</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">42,567</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">276,683</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">319,250</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4.13%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 19.85pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="29%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">BID </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Contract 896</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4,706</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">25,884</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">30,590</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">5,004</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">27,523</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">32,527</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3.00%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 19.85pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="29%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">BID </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Contract 1212</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">17,413</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">243,784</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">261,197</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">18,516</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">268,482</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">286,998</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4.02%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 19.85pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="29%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jica Consulting</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">6,695</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">241,034</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">247,729</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">248,711</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">248,711</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.80%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 19.85pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="29%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jica Work</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">5,000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">179,986</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">184,986</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">185,709</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">185,709</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.50%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 19.85pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="29%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">BID </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1983 A</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">13,032</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">155,176</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">168,208</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">13,858</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">164,998</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">178,856</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.90%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 19.85pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="29%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Bid </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1983 B1</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">16,942</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">151,352</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">168,294</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">18,015</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">160,840</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">178,855</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.60%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 19.85pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="29%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">BID </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1983 B2</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">10,589</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">73,299</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">83,888</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11,259</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">78,168</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">89,427</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 19.85pt" noWrap width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.40%</FONT></P>
</TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT size=2></FONT>&nbsp;</P>
<B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B></DIV>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD align=right width="100%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Page: 46</FONT></B></TD></TR></TABLE>
<DIV></DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_47"></A>
<a name="_bclPageBorder47"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader47"></a><DIV><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;(ii) In accordance with the CPC 08 it was prepared the chart below with the purpose to show the annual effects of the financial expenses resulting from funding costs on the effective interest rates.</FONT></DIV>
<P style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 14.2pt; page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="19%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2010</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2011</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2012</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2013</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2014</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2015</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2016 and thereafter</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Monthly IRR</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt; page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="19%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Debentures - 9th issuance - 1st series</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">80</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">322</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">323</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">270</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">997</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.027034%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt; page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="19%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Debentures - <BR>
9th issuance - 2nd series</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">62</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">248</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">249</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">249</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">250</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">209</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,266</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.017369%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt; page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="19%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Debentures - <BR>
10th issuance - 1st series</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">9</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">36</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">36</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">36</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">36</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">37</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">181</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">371</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.003956%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt; page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="19%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Debentures - <BR>
10th issuance - 2nd series</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">10</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">39</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">39</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">39</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">39</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">39</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">195</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">400</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.003944%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt; page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="19%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Debentures - <BR>
10th issuance - 3rd series</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">14</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">55</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">55</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">55</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">55</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">55</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">269</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">558</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.003966%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt; page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="19%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Debentures - <BR>
11th issuance - 1st series</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">357</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,429</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,432</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,435</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,437</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">360</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">6,450</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.014806%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt; page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="19%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Debentures - <BR>
11th issuance - 2nd series</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">301</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,207</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,211</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">303</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,022</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.024967%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt; page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="19%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Debentures - <BR>
12th issuance - sole series</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">15</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">25</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000028%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt; page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="19%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Promissory Notes</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">123</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">82</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">205</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.006110%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt; page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="19%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">BNDES (National Bank for Economic and Social Development) ONDA LIMPA</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">6</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">26</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">26</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">26</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">26</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">26</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">238</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">373</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.002184%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt; page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="19%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">AB Loan A</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">26</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">103</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">103</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">103</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">103</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">104</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">770</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,313</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.005301%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt; page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="19%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">AB Loan B1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">32</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">129</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">129</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">129</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">129</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">129</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">573</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,251</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.006621%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt; page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="19%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">AB Loan B2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">19</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">77</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">77</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">78</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">78</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">78</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">188</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">595</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.007939%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt; page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="19%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Bird</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">5</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">19</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">19</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">19</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">19</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">19</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">348</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">447</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.000888%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt; page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="19%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,044</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,774</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,701</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,746</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,174</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,057</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,777</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">17,273</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom noWrap width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR></TABLE></DIV><BR>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD align=right width="100%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Page: 47</FONT></B></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>
</DIV>
<DIV></DIV>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_48"></A>
<a name="_bclPageBorder48"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader48"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-line-height-rule: exactly"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">There is no premium when the resources are funded.</FONT></P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iii) On September 1st, 2010 the 6th emission of debentures, 3rd series, was fully settled.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On August 30, 2010 Promissory Notes were issued with a value of R$600,000 as a bridge loan, relating to an advance to the 13<SUP>th</SUP> issue of debentures.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The net proceeds obtained with the 13<SUP>th</SUP> issue of debentures will be fully used to redeem the 60 promissory notes of the 5<SUP>th</SUP> debenture issue.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On October 28, 2009 SABESP completed the BIRD &#150; 7662BR (BIRD) contract with the World Bank&#150; International Bank of Development and Reconstruction &#150; The contract was worth US$100,000 thousand, in September 2010, and an initial paid commission of US$250 thousand.</FONT></P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Repayment schedule of loans and financing </FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The total debt volume to be paid through the end of 2010 is R$217,560 and the amount denominated in US dollars is R$42,483 and the amount of R$175,077 refers to the interest and principal of loans denominated in Brazilian reais falling due.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2016</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="28%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">BANK</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2010</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2011</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2012</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2013</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2014</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2015</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">and thereafter</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">TOTAL</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">COUNTRY</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Federal Government/Banco do Brasil</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">74,866</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">315,841</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">343,772</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">374,173</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">98,605</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,207,257</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Caixa Econ&#244;mica Federal (CEF)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">21,078</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">89,600</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">100,136</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">101,968</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">63,551</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">41,445</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">437,349</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">855,127</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Debentures</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">484,267</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">235,988</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">579,597</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">368,333</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">391,059</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">603,123</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,662,367</FONT></P>
</TD></TR></TABLE></DIV>
<DIV align=center><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face="Courier New"></FONT></B></FONT></FONT></B><BR>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD align=right width="100%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Page: 48</FONT></B></TD></TR></TABLE></DIV></DIV>
<HR align=center width="100%" noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_49"></A>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2016</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="28%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">BANK</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2010</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2011</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2012</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2013</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2014</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2015</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">and thereafter</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">TOTAL</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Promissory Notes</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">599,795</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">599,795</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">FIDC - SABESP I</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">13,889</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">13,889</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">27,778</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">BNDES (National Bank for Economic and Social Development)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">10,710</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">42,841</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">36,913</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4,176</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">94,640</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">BNDES (National Bank for Economic and Social Development) Santos Lowlands</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">16,309</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">16,309</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">16,309</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">16,309</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">65,238</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">130,474</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">BNDES (National Bank for Economic and Social Development) PAC</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,475</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,176</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,176</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,176</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,176</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">23,822</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">38,001</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">BNDES (National Bank for Economic and Social Development) ONDA LIMPA</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12,518</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">16,691</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">16,691</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">16,691</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">154,388</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">216,979</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">908</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,930</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">453</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">451</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">489</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">551</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,834</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8,616</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Interest and charges</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif">53,626</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif">47,257</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif">100,883</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total - Domestic</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif">175,077</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,598,895</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif">749,265</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,096,541</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif">567,154</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif">469,231</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,285,754</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif">5,941,917</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">ABROAD </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT lang=ES-TRAD style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">BID</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">23,140</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">63,693</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">63,693</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">63,693</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">63,693</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">63,693</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">261,982</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">603,587</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Eurobonds</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">237,188</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">237,188</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">JICA</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11,695</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">23,390</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">23,390</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">23,390</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">23,390</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">327,460</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">432,715</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">BID 1983AB</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">40,262</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">40,262</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">40,262</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">40,262</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">40,262</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">219,080</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">420,390</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Interest and charges</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">19,343</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,462</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">21,805</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total Abroad</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">42,483</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">118,112</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">127,345</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">127,345</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">127,345</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">127,345</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,045,710</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,715,685</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2pt double" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Grand Total</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2pt double" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">217,560</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2pt double" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,717,007</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2pt double" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">876,610</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2pt double" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,223,886</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2pt double" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">694,499</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2pt double" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">596,576</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2pt double" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,331,464</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2pt double" vAlign=bottom width="9%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">7,657,602</FONT></P>
</TD></TR></TABLE>
<P><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Covenants</FONT></P>
<a name="_bclPageBorder49"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">As of September 30, 2010, the Company was compliant with all covenants.</FONT></P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tiete III</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Loan Agreement Nr. 2202/OC-BR executed on September 03, 2010 between SABESP &#150; Companhia de Saneamento Basico do Estado de Sao Paulo and BID &#150; Development Inter-American Bank, for partial financing of the River Tiete&#146;s De-pollution Program &#150; III Stage. Investment of US$800 million, being US$600 million of financing and US$200 million in own resources. Total term of 25 years, with 6 years of grace period. Interests: Uni-monetary mechanism with interest rates based on USD-LIBOR, calculated quarterly, as set forth in the BID&#146;s policies and procedures.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT size=2></FONT>&nbsp;</P>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD align=right width="100%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Page: 49</FONT></B></TD></TR></TABLE></DIV>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_50"></A>
<a name="_bclPageBorder50"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader50"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-line-height-rule: exactly"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DEFERRED TAXES AND CONTRIBUTIONS</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Balances</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="70%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom align=center width="30%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">HOLDING AND CONSOLIDATED</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="70%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="15%">
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sep/10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="15%">
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jun/10</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif" color=windowtext>In current assets (i)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif" color=windowtext>Deferred income tax </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">203,552</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">193,654</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif" color=windowtext>Deferred social contribution tax </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 73,279</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 69,715</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="70%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">276,831</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">263,369</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif" color=windowtext>In non current assets (ii)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 3.8pt 0pt 5.8pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Deferred income tax </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">418,141</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">456,513</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Deferred social contribution tax </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">150,530</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;164,345</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="70%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">568,671</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">620,858</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="70%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">In current liabilities (iii)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 3.8pt 0pt 5.8pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Deferred income tax </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">103</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">209</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Deferred social contribution tax </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">37</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">75</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Deferred PASEP (tax on revenue)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">10,745</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12,320</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Deferred COFINS (tax on revenue)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">7,584</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">14,530</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="70%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">18,469</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">27,134</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">&nbsp;In non-current liabilities (iv)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 3.8pt 0pt 5.8pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Deferred income tax </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">56,554</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">57,064</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Deferred social contribution tax </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">15,850</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">16,033</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Deferred PASEP (tax on revenue)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">23,299</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">22,005</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Deferred COFINS (tax on revenue)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 73,458</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 67,498</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="70%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">169,161</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">162,600</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom align=center width="26%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">HOLDING AND CONSOLIDATED</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="26%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">HOLDING</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3rd Qtr/10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jan to Sep/10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3rd Qtr/09</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jan to Sep/09</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">To the result of the year</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif" color=windowtext>Income tax</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="13%">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: right"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">(146,196)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="13%">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: right"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">(466,198)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="13%">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: right"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">(145,564)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="13%">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: right"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">(422,056)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif" color=windowtext>Deferred income tax </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; (27,858)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; 43,111</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; 65,192</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; 106,044</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(174,054)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(423,087)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(80,372)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(316,012)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif" color=windowtext>Social contribution tax</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(53,620)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(168,644)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(53,258)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(154,001)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif" color=windowtext>Deferred social contribution tax </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; (10,029)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; 15,520</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; 23,788</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; 38,495</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(63,649)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(153,124)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(29,470)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(115,506)</FONT></U></P>
</TD></TR></TABLE></DIV><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B></DIV><BR>
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<a name="_bclHeader51"></a><DIV><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In current assets</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Substantially calculated based on timing differences in the amount of R$814,208(Jun/2010 - R$774,616). </FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In non-current assets</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Substantially calculated based on timing differences in the amount of R$1,672,562 (Jun/2010 - R$1,826,052) related to the income tax and social contribution.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company&#146;s Management expects to realize the long term balance, mentioned on item (ii) in 2011 in the same proportion of 2010, and the remaining to be realized in the subsequent year of 2012.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current Liabilities</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">- Income Tax and Social Contribution</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Substantially calculated based on timing differences in the amount of R$413, related to the income tax and social contribution.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">- Pasep and Cofins</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Calculated substantially on billings to government entities, and the obligation is determined and the allowance is recognized when the service is provided, and its settlement when the invoices are received.</FONT></P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In non-current liabilities</FONT></P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">- Income and social contribution taxes </FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Substantially calculated based on timing differences in the amount of R$226,217(Jun/2010 - R$228,256) related to the income tax and R$176,110 (Jun/2010 - R$178,149) related to the social contribution.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">- Pasep and Cofins</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Calculated substantially on billings to government entities, and the obligation is determined and the allowance is recognized when the service is provided, and its settlement when the invoices are received.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Break-down of deferred taxes and contributions</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom align=center width="26%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">HOLDING AND CONSOLIDATED</FONT></U></P>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sep/10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jun/10</FONT></U></P>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In current assets</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Provisions for contingencies</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">276,831</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">263,369</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In non-current assets</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Provision for contingencies</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: right"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">256,889</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: right"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">325,914</FONT></P>
</TD></TR></TABLE></DIV><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B></DIV>
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     <TD align=right width="100%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Page: 51</FONT></B></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


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<a name="_bclPageBorder52"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader52"></a><P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-line-height-rule: exactly"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<a name="_bclPageBorder52"></a><P style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclPageBorder52"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%">
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom align=center width="26%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">HOLDING AND CONSOLIDATED</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sep/10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jun/10</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Provision for social security obligations</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">169,123</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">168,258</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Others</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">142,659</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">126,686</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">568,671</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;620,858</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total deferred tax assets</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">845,502</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">884,227</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In current liabilities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Costs in the issuance of securities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; 140</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; 284</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Public entity revenues</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">18,329</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">26,850</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">18,469</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">27,134</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In non-current liabilities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Costs in the issuance of securities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: right"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">179</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Public entity revenues</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: right"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">72,404</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: right"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">72,919</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Public entity income</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 96,757</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp; 89,502</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">169,161</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">162,600</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="74%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total deferred tax liabilities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">187,630</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">189,734</FONT></U></P>
</TD></TR></TABLE></DIV>
<a name="_bclPageBorder52"></a><P style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclPageBorder52"></a><P style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Conciliation of the effective tax rate</FONT></P>
<a name="_bclPageBorder52"></a><P style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclPageBorder52"></a><P style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The amounts recorded as income and social contribution tax expenses in the interim financial statements are reconciled to the statutory rates provided for in law, as shown below:</FONT></P>
<a name="_bclPageBorder52"></a><P style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<a name="_bclPageBorder52"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%" align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom align=center width="26%" colSpan=2>
<P style="MARGIN: 0in 7.15pt 0pt 0in" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">HOLDING AND CONSOLIDATED</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom align=center width="26%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">HOLDING</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 6.45pt 0pt 0in" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3rd Qtr/10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 2.6pt 0pt 0in" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jan to Sep/10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 4.15pt 0pt 0in" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3rd Qtr/09</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 2.45pt 0pt 0in" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jan to Sep/09</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Income before taxes on income</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">687,510</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,650,261</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">305,569</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,348,124</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Statutory rate</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34%</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Tax expense at statutory rate</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(233,753)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(561,089<FONT style="FONT-SIZE: 10pt" face="Times New Roman">)</FONT></FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(103,893)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(458,362)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Permanent differences</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Realization of revaluation reserve </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(5,882)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(12,177)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(7,371)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(22,905)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Interests on Shareholders&#146; Equity</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">47,253</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Other differences</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,932</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(2,945)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,422</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,496</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Income tax and social contribution </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(237,703)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;</FONT><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(576,211)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(109,842)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(431,518)</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Current income tax and social contribution</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(199,816)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(634,84)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(198,822)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(576,057)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Deferred income tax and social contribution</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(37,887)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">58,631</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">88,980</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">144,539</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Effective tax rate</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">35%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">35%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">36%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 7.15pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">32%</FONT></U></P>
</TD></TR></TABLE></DIV><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B><FONT style="mso-bidi-font-weight: normal; mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New">
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<P></P>
<P style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(d) Transitional Taxation Regime &#150; RTT</FONT></P>
<P align=justify></P>
<P align=justify></P>
<P style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">For purposes of calculation of the income tax and social contribution on net income of the fiscal years 2009 and 2008, the Company and its subsidiaries elected the RTT, which allows the legal entity to eliminate the accounting effects of Law 11638/07 and the PM 449/08, converted into Law 11941/09, by means of registration in the actual profit book &#150; LALUR or auxiliary ledgers, without any change to the accounting entries.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><BR>
<B>&nbsp;</B></P>
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<a name="_bclHeader53"></a><DIV><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</DIV>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">In 2010, the Company has also adopted the same tax standards adopted in 2008 and 2009, once the RTT shall be in force until the effectiveness of the law that regulates the tax effects of the new accounting methods, seeking tax neutrality.</FONT></P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PROGRAM PAES</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company applied for enrollment in PAES on July 15, 2003, in accordance with Law No. 10684 of May 30, 2003, and included in its application the debts related to COFINS and PASEP which were involved in a legal action challenging application of Law 9718/98, and the outstanding balance under the Tax Recovery Program (REFIS). The total amount included in PAES was R$316,953, as follows:</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 14.2pt">
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><U><FONT style="FONT-SIZE: 12pt" face="Times New Roman,serif">Taxes&nbsp;&nbsp;&nbsp; &nbsp;</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="17%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Main</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="17%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; Fines</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="17%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; Interests</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="17%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; Total</FONT></U></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="32%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="17%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="17%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="17%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="17%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="32%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cofins</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="17%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">132,499</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="17%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">13,250</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="17%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">50,994</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="17%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">196,743</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="32%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Pasep</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="17%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">5,001</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="17%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">509</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="17%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,061</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="17%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">7,571</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="32%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Refis</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="17%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">112,639</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="17%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="17%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="17%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">112,639</FONT></U></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="32%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="17%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">250,139</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="17%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">13,759</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="17%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">53,055</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="17%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">316,953</FONT></U></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The debt is being paid in 120 months. The amounts paid in the 3rd qtr./10 and 3rd qtr./09 were respectively R$8,728 and R$8,390 and were recorded as financial expenses of R$986 in the 3rd qtr/10 and R$1,323 in the 3rd qtr/09. The outstanding balance on September 30, 2010 is R$96,321. The assets given in guarantee for the previous Refis Program, in the amount of R$249,034 continue to guarantee the amounts of the Paes Program.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOCIAL SECURITY LIABILITIES</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company sponsors Funda&#231;&#227;o Sabesp de Seguridade Social - Sabesprev, an entity established in August 1990 with the main purpose of managing the pension plan and the welfare program for Sabesp&#146;s employees.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">As of July, 2010, aiming at resolving the deficit referring to the Defined Benefit Plan (BD), Sabesp and Sabesprev have structured a process through which the participants may elect to change from the Defined Benefit Plan to a Defined Benefit Plan, the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sabesprev Mais</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The period for the plan migration, from July to November,2010, was suspended through an injunctive relief granted by the Court of Justice of the State of Sao Paulo, on October 20, 2010 until the claims from the parties involved are considered.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">On September 30, 2010, after the movement of the participants, the Defined Benefit Plan remained with 16,807 participants and the Defined Contribution Plan remained with 3,120 participants, respectively.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The monthly contributions to the defined benefit plan correspond to 2.1% from the Company and 2.3% from the participants.</FONT></P>
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     <TD align=right width="100%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Page: 53</FONT></B></TD></TR></TABLE></DIV>
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<A name="page_54"></A>
<a name="_bclPageBorder54"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader54"></a><DIV><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The contribution by the participants presented above is the average, since the discount amount varies in function of the salary range, between 1% and 8.5%.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-GB style="FONT-SIZE: 10pt" face="Times New Roman,serif">In the case of the Defined Contribution Plan, the Company&#146;s contributions correspond to 100% of the basic contribution made by partcipants.&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">As set forth by CVM regulation, the gains arising from anticipated reductions of a plan must be recognized upon their occurrence. Thus, the amount of the unrecognized actuarial gain, of R$178,583, must be reduced by the gain specific to the migration process.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The break-down of the anticipated reduction is presented in the table below:</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 39.75pt">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 39.75pt" noWrap width="61%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RECONCILIATION OF (ASSETS) AND LIABILITIES</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 39.75pt" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;BEFORE REDUCTION </FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 39.75pt" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;ACTUARIAL GAIN IN MIGRATION </FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 39.75pt" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;AFTER REDUCTION </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12pt" vAlign=bottom noWrap width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Actuarial Obligations </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12pt" vAlign=bottom noWrap width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,488,747</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12pt" vAlign=bottom noWrap width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(107,159)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12pt" vAlign=bottom noWrap width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,381,588</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12pt" vAlign=bottom noWrap width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fair value of plan assets </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12pt" vAlign=bottom noWrap width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,133,150)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12pt" vAlign=bottom noWrap width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(93,877)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12pt" vAlign=bottom noWrap width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,039,273)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12pt" vAlign=bottom noWrap width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Present value of unfunded obligations</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12pt" vAlign=bottom noWrap width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">355,597</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12pt" vAlign=bottom noWrap width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(13,282)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12pt" vAlign=bottom noWrap width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">342,315</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12pt" vAlign=bottom noWrap width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Unrecognized actuarial (gains) or losses </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12pt" vAlign=bottom noWrap width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(165,301)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12pt" vAlign=bottom noWrap width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(956)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12pt" vAlign=bottom noWrap width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(164,345)</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12pt" vAlign=bottom noWrap width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Unrecognized past service cost</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12pt" vAlign=bottom noWrap width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12pt" vAlign=bottom noWrap width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12pt" vAlign=bottom noWrap width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12pt" vAlign=bottom noWrap width="61%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total Net Actuarial Liability/(Asset)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12pt" vAlign=bottom noWrap width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">520,898</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12pt" vAlign=bottom noWrap width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(14,238)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 12pt" vAlign=bottom noWrap width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">506,660</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Regarding the Defined Contribution Plan, the commitment amount calculated for all participants that migrated up until September, 2010, by the actuarial evaluation, was R$25,321, being R$14,232 to Active and R$11,089 to the Assisted participants. Resulting in the Company having already made payments of R$8,183 until September 30, 2010.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">On September 30, 2010, based on an independent report, calculated by the Projected Credit Unit, the Company had a net actuarial commitment with the Defined Benefit Plan of R$506,660 (R$480,103 in 2009) which represents the difference between the present value of the Company&#146;s obligations related to the employed, retired and pensioned participants and the guaranteeing assets, demonstrated as follows:</FONT></P>
<P style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="30%" colSpan=2>
<P style="MARGIN: 0in 0pt 0pt; TEXT-INDENT: 10.6pt; TEXT-ALIGN: right"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">HOLDING AND CONSOLIDATED</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(i)&nbsp;&nbsp;&nbsp;&nbsp; Conciliation of Assets and Liabilities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
<P style="MARGIN: 0in 0pt 0pt; TEXT-INDENT: 10.6pt; TEXT-ALIGN: right"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sep-2010</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="15%">
<P style="MARGIN: 0in 0pt 0pt; TEXT-INDENT: 10.6pt; TEXT-ALIGN: right"><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2009</FONT></U></P>
</TD></TR></TABLE></DIV><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B></B></FONT></FONT></B></DIV>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Present value of the actuarial obligations</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,381,588)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,422,993)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fair value of assets</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,039,273</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">982,422</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Gains to be recognized in future years</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 5.8pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; (164,345)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 5.8pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; (39,532)</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Net liability recognized in the balance sheet</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;(506,660)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;(480,103)</FONT></U></P>
</TD></TR></TABLE><BR>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD align=right width="100%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Page: 54</FONT></B></TD></TR></TABLE>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-line-height-rule: exactly">&nbsp;</P>
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 1pt; BORDER-BOTTOM: medium none; mso-border-top-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 0in 0in 0in; mso-border-between: .5pt solid windowtext; mso-padding-between: 1.0pt; mso-padding-top-alt: 1.0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></P>
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<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(ii)&nbsp;&nbsp;&nbsp;&nbsp; Expenses recognized in the income statement (Defined Benefit Plan)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.5pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.5pt" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cost of current service</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.5pt" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">21,059</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.5pt" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">31,116</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cost of interests</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">115,764</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">155,514</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Proceeds expected from the plan assets</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(73,682)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(92,309)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Employee&#146;s contributions</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(11,418)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(21,235)</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; 51,723</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; 73,086</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sponsor&#146;s contribution</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(10,928)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total Expenses</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; 40,795</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">73,086 </FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iii)&nbsp;&nbsp;&nbsp;&nbsp; Activity of Net Actuarial Liability</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Present Value of the net actuarial obligation in the beginning of the year</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(480,103)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(419,871)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cost of current service</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(21,059)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(31,116)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cost of interests</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(115,764)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(155,514)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Proceeds expected from the plan assets</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">73,682</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">92,309</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Employee&#146;s contributions</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; 11,418</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; 21,235</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Impact resulting from the reduction of the benefit plan</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">14,238</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">- </FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(517,588)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(492,957)</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Company&#146;s actual contributions in the year</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; 10,928</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; 12,854</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Present value of the plan assets in the beginning of the year</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(506,660)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(480,103)</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iv)&nbsp;&nbsp;&nbsp;&nbsp; Evolution of the Fair Value of the Assets</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fair value of the plan assets in the beginning of the year</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">982,422</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">976,545</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Actual proceeds of the fair value of the assets</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">77,724</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">19,501</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Actual contributions in the year</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">22,346</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">34,089</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Benefits paid </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(43,220)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(47,713)</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Fair value of the plan assets at the end of the year</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,039,272</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">982,422</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Evolution of the Present Value of the Obligations</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Present value of the obligations in the beginning of the year</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,422,993</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,433,710</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cost of current service</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">21,059</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">31,116</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cost of interests</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">115,764</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">155,514</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Benefits paid </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(43,220)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(47,713)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Loss in the present value of the obligations</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(135,008)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(149,634)</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Present value of the obligations at the end of the year</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,381,588</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,422,993</FONT></U></P>
</TD></TR></TABLE><BR>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD align=right width="100%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Page: 55</FONT></B></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>
</DIV></DIV>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_56"></A>
<a name="_bclPageBorder56"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader56"></a><DIV><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</DIV>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Estimated Expenses</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oct to Dec-2010</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2010</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-INDENT: 35.4pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-INDENT: 35.4pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-INDENT: 35.4pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cost of current service</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">6,141</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">28,079</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cost of interests</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">36,706</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">154,352</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Expected proceeds of the plan assets</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(27,952)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(98,242)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(Gain)/Loss Amortization</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(594)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Employee&#146;s Contributions</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(10,114)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(23,657)</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; 4,187</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp; 60,532</FONT></U></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Actuarial Assumptions</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Several statistics and other factors aim at anticipating future events in the calculation of expense and liability related to these plans. These factors include assumptions on discount rate, expected return of the asset and increase of the rate of future compensation, in addition to subjective factors, such as layoff ratio, turn-over and mortality. The actuarial assumptions used by the Company are regularly reviewed and may differ in a relevant way from current results according to changes to market and economic conditions, regulatory factors, judicial regulations, increase or decrease in the layoff ration or in life expectancy of the participants. These differences may result in a relevant impact in the expense amount with the private pension institution recorded by the Company.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Economic Assumptions</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sep - 2010</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2009</FONT></U></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Discount rate</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">10,85% p.a.</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">10,85% p.a.</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Assets expected rate of return</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">10,85% p.a.</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">10,85% p.a.</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Future salary growth</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">6,08% p.a.</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">6,08% p.a.</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Growth of the social security benefits and the limits</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4,00% p.a.</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4,00% p.a.</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Capacity factor</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-&nbsp;&nbsp; Salaries</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">98%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">98%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-&nbsp;&nbsp; Benefits</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">98%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">98%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Demographic assumptions for&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Set - 2010</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2009</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Mortality table</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">AT 83 </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">AT 83 </FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Disabled mortality table</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RRB 44</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RRB 44</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Disable entry table</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RRB 44</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">RRB 44</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Turn over table</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Prudential</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Prudential</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Retirement age</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">First age entitled to one of the benefits</FONT></P>
</TD>
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<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">First age entitled to one of the benefits</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">% of married participants at the retirement date</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">95%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">95%</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=top width="70%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Age difference between the participant and the spouse</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Wives are 4 years younger than husbands</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Wives are 4 years younger than husbands</FONT></P>
</TD></TR></TABLE><BR>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD align=right width="100%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Page: 56</FONT></B></TD></TR></TABLE><BR>
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<A name="page_57"></A>
<a name="_bclPageBorder57"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader57"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Assistance Plan</FONT></B></DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Managed by the Funda&#231;ao Sabesp of Seguridade Social &#150; Sabesprev, it is comprised of an optional health plan, of free choice, maintained by contributions by the participants and the sponsor, which in the year were the following:</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Company: 7.5% (2008-7.1%) average on gross payroll;</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Participants: 3.21% on base salary and bonuses, which corresponds to 2.3% average on the gross payroll.</FONT></P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PROFIT SHARING</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">In the quarter ended September 30, 2010 R$11,778 was accrued, which is recorded under payroll and related charges, in current liabilities, related to the period from January to December 2010, based on the attainment of goals set during negotiations between the Company and entities representing the employees.</FONT></P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PROVISIONS FOR CONTINGENCIES</FONT></B></P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="26%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jun/10</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Additions</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Deductions</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="22%">
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Interest, monetary restatements </FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">and reversals</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jun/10</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="26%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Customers </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 1pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">891,829</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">25,722</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(62,572)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="22%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(129,944)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 1pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">725,035</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="26%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Suppliers </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 1pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">364,310</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">910</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(5,513)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="22%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(5,102)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 1pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">354,605</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="26%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other civil lawsuits </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 1pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">187,097</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">6,238</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(9,491)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="22%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(8,102)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 1pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">175,742</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="26%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Tax </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 1pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">66,424</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">63</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(2,336)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="22%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(853)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 1pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">63,298</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="26%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Labor </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 1pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">110,017</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">18,843</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(3,536)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="22%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,503</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 1pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">128,827</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="26%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Environmental </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;45,934</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">903</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(256)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="22%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">14,101</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 1pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">60,682</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="26%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subtotal</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,665,611</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">52,679</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(83,704)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="22%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(126,397)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 1pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,508,189</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="26%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Escrow deposits</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(99,598)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%">
<P style="MARGIN: 1pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(5,293)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%">
<P style="MARGIN: 1pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,755</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="22%">
<P style="MARGIN: 1pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(4,985)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%">
<P style="MARGIN: 1pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(106,121)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="26%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2pt double" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,566,013</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2pt double" vAlign=bottom width="12%">
<P style="MARGIN: 1pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">47,386</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2pt double" vAlign=bottom width="12%">
<P style="MARGIN: 1pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(79,949)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2pt double" vAlign=bottom width="22%">
<P style="MARGIN: 1pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(131,382)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2pt double" vAlign=bottom width="12%">
<P style="MARGIN: 1pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,402,068</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Management, based on analysis together with its legal counsels, recorded a provision in amount considered sufficient to face probable losses in judicial law suits. In current liabilities, in the &#147; Provisions&#148;&nbsp; item, the amounts related to judicial law suits in phase of execution of sentence present the amount of R$759,000&nbsp;<FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">(Jun/2010 &#150; R$713,318) in non current liabilities, in the &#147; Provisions&#148;&nbsp; item, in the amount of R$643,068 (Jun/2010 &#150; R$852,695).</FONT>
<P></P>
<P></P>
<FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Customers - Approximately 1,420 lawsuits were filed by commercial customers, which claim that their tariffs should be equal to the tariffs of another consumer category, and therefore claim the refund of the amounts collected by Sabesp. The Company was granted both favorable and unfavorable final decisions at several courts, and recognized provisions when the likelihood of loss is considered probable.</FONT><BR>
<BR>
<BR>
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     <TD align=right width="100%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Page: 5<FONT style="FONT-SIZE: 8pt" face="Times New Roman">7</FONT></FONT></B></TD></TR></TABLE></FONT>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV></B></FONT></FONT></B></DIV>


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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-line-height-rule: exactly"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Suppliers - Suppliers&#146; claims include lawsuits filed by some building companies alleging an underpayment of monetary adjustments, withholding of amounts related to the understatement of official inflation rates after the Real economic plan, and the economic and financial imbalance of the agreements. These lawsuits are in progress at different courts and a provision is recognized when the likelihood of loss is considered probable.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other civil lawsuits - refer mainly to indemnity claims for property damage, pain and suffering, and loss of profits allegedly caused to third parties, filed at different court levels, duly accrued when classified as probable losses.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax lawsuits - the provision for tax contingencies refers mainly to issues related to tax collections challenged due to differences in the interpretation of legislation by the Company&#146;s legal counsel, duly accrued when classified as probable losses.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Labor lawsuits - the Company is a party to labor lawsuits, involving issues such as overtime, health hazard premium and hazardous duty premium, prior notice, change of function, salary equalization, and other. Part of the amount involved is in provisional or final execution at various court levels, and thus is classified as a probable loss and accordingly a provision was recognized.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Environmental lawsuits - refer to several administrative proceedings and lawsuits filed by government entities, including Companhia de Tecnologia de Saneamento Ambiental - Cetesb and the S&#227;o Paulo State Public Prosecution Office for the imposition of fines for environmental damages allegedly caused by the Company. The amounts recognized in provision do not always represent the final amount to be disbursed as indemnity of alleged damages, in view of the current stage in which such lawsuits are and Management&#146;s impossibility to reasonably estimate the amounts of future disbursements.</FONT></P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">Lawsuits with possible likelihood of loss</FONT></P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif">The Company is a party to lawsuits and administrative proceedings related to environmental, tax, civil and labor lawsuits, which are considered by its legal counsel as possible losses, and are not recorded in the books. The amount attributed to these lawsuits and proceedings is approximately R$2,255,000 as of September 30, 2010 (Jun/2010 - R$2,222,200). </FONT></P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SHAREHOLDERS&#146; EQUITY</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Authorized capital</FONT></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company is authorized to increase capital up to R$10,000,000, based on a Board of Directors&#146; resolution, after submission to the Supervisory Boards.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subscribed and paid-up capital</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Subscribed and paid-up capital is represented by 227,836,623 registered common shares, with no par value, held as follows:</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
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<a name="_bclPageBorder59"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader59"></a><DIV><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</DIV>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="68%"> <H5 style="MARGIN: 0in 14.2pt 0in 0in; TEXT-ALIGN: right"><I><FONT style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-DECORATION: none" face="Times New Roman,serif" color=windowtext></FONT></I>&nbsp;</H5></TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Number of shares</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">%</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="68%">
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 1.45pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">State Finance Department</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">114,508,085</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">50.26</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="68%">
<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Companhia Brasileira de Liquida&#231;&#227;o e Cust&#243;dia </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">52,444,354</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">23.02</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="68%">
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 1.45pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Bank Of New York ADR Department (Equivalent in shares) (*)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">60,222,764</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">26.43</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="68%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="15%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">661,420</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="15%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">0.29</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="68%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2pt double" vAlign=bottom width="15%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">227,836,623</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2pt double" vAlign=bottom width="15%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">100.00</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(*) Each ADR is equal to 2 shares</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment to shareholders </FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">Shareholders are entitled to a minimum mandatory dividend of 25% of the adjusted net income, calculated according to Brazilian Corporate Law. No interests accrue on dividends approved, and the amounts not claimed within 3 years from the date of the General Shareholders&#180; Meeting that approved them will prescribe in favor of the Company.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(d) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital reserve</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Capital reserve includes tax incentives and donations through 2007.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revaluation reserve</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">As provided for by CVM Instruction No. 197/93, the Company decided not to record income and social contribution taxes on the revaluation reserve of property, plant and equipment items recognized in 1991. </FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The reserve is being realized as a contra entry to the caption &#147;retained earnings&#148;, on the same proportion as the depreciation and write-off of the respective assets.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The balances of the revaluation reserve will be maintained until their effective realization.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes in the caption &#147;retained earnings&#148;</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 13.6pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.6pt" vAlign=top width="69%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.6pt" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Sep/10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.6pt" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.6pt" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Sep/09</FONT></U></P>
</TD></TR>
<TR style="HEIGHT: 13.6pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.6pt" vAlign=top width="69%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Previous Balance</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.6pt" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">680,889</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.6pt" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.6pt" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">627,587</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.6pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.6pt" vAlign=top width="69%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Realization of Revaluation Reserve</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.6pt" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(20,830)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.6pt" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.6pt" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">21,678</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.6pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.6pt" vAlign=top width="69%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Current Year&#146;s Results</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.6pt" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">449,807</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.6pt" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.6pt" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">195,727</FONT></P>
</TD></TR>
<TR style="HEIGHT: 13.6pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.6pt" vAlign=top width="69%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Current Balance</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2pt double; HEIGHT: 13.6pt" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,109,866</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 13.6pt" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 2pt double; HEIGHT: 13.6pt" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">844,992</FONT></P>
</TD></TR></TABLE></DIV>
<DIV align=left>&nbsp;</DIV>
<DIV align=left>
<P></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reserve for investments</FONT></P>
<P></P>
<P></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The reserve for investments is specifically made up of the portion corresponding to the Company&#146;s own resources that will be used for the expansion of the water supply and sewage sanitation systems.</FONT><BR>
<BR>
</P>
</DIV>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD align=right width="100%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Page: 59</FONT></B></TD></TR></TABLE></DIV>
<DIV align=left>
<HR align=center width="100%" noShade SIZE=2>
</DIV></DIV>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_60"></A>
<a name="_bclPageBorder60"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader60"></a><DIV><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FINANCIAL INSTRUMENTS AND RISK</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Identification and valuation of the financial instruments</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company operates with several financial instruments with emphasis in cash and cash equivalents, including financial investments and loans and financings, described as follows.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company did not perform transactions with derivatives in 2010 and 2009.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash &amp; cash equivalents, accounts receivable, other current assets and accounts payable</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The amounts recorded approximate the realization amounts.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cash equivalents correspond to the financial investments expressed in reais and have immediate liquidity.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">It consists, mainly, in the equity interest in the company Sesamm (pursuant Note 7) recorded by the equity method of accounting, in which the Company has strategic interest. Considerations of market value of the shares held are not applicable.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and Financings</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">In accordance with accounting standards related to the financial instruments, it follows demonstrated below the market values of the projected cash flows, at fair value, of loans and financings on September 30, 2010.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sep/10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></U></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sep/10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></U></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Equity amount</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Equity amount</FONT></B></P>
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     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Equity amount</FONT></B></P>
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     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Market value</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Banking Loans</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Foreign Currency (iv)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,715,685</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,083,049</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,788,904</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,313,570</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Debentures (i)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,718,772</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,418,037</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,977,350</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,342,763</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">BNDES (ii)</FONT></P>
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     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">482,198</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">482,198</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">470,914</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">470,914</FONT></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Others (iii)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,740,947</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3,033,184</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,195,242</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,417,560</FONT></U></P>
</TD></TR>
<TR style="HEIGHT: 14.2pt">
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">7,657,602</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">9,016,468</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">7,432,410</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 14.2pt" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8,544,807</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">In order to obtain the market values of Financial Instruments, the following criteria have been adopted:</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(i)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Debentures are financings considered by the nominal amount restated up to the maturity date, discounted to present value at the forward interest market rates, disclosed by Anbima in the secondary market, having as basis September 30, 2010 and the Company&#146;s security traded in the domestic market.</FONT></P>
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<a name="_bclHeader61"></a><DIV><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</DIV>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(ii)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financings - BNDES, those are instruments considered by the nominal amount restated up to the maturity date, that have as characteristics the indexation to the TJLP, which is a specific modality, not being compared to no other market rate.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Therefore, the Company's choice was to publish as market value the amount accounted as of September 30, 2010.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iii)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other financings in national currency are considered by the nominal amount restated up to the maturity date, discounted to present value at the forward interest market rates. The forward rates used were obtained at the BM&amp;F website.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iv)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Foreign currency financings are controlled in the original currency, converted at the foreign exchange rate at the date of the balance sheet, discounted to present value using the forward market rate obtained in the Bloomberg, base don the Company&#146;</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Additionally, the Company has an instrument indexed to the YEN [JICA (Note 10)], which, in addition of the premises above, was considered in the conversion to present value the parity of the original currency of the instrument related to the dollar.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Market risks</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange rate risk</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">This risk results from the possibility of the Company in incur in losses on account of fluctuations in the foreign exchange rates that impact the balances of loans and financings in foreign currency funded in the market and, consequently, the financial expenses. The Company does not maintain &#147;hedge&#148; or &#147;swap&#148; operations, however, the company performs an active management of the debt, seeking to reduce the exposure in foreign currency, taking advantage of the windows of opportunity, to exchange expensive debts to cheaper debts, reducing the cost by means of anticipation of the maturity dates.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">A significant portion of the Company&#146;s financial debt was linked to the US dollar and to the Yen, in the total amount of R$1,715,685 (Note 10). The table below summarizes the Company&#146;s exposure to exchange rates at September 30, 2010.</FONT></P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="68%">
<P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="31%" colSpan=3>
<P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">In thousands</FONT></P>
</TD></TR>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="68%">
<P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">US$</FONT></P>
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<P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Japanese Yen</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="68%">
<P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Loans and financing</FONT></P>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">746,267</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 6pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">21,316,000</FONT></P>
</TD></TR></TABLE></DIV><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"><BR>
<P></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest rate risk </FONT></P>
<P align=justify></P>
<P align=justify></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">This risk arises from the possibility that the Company may incur losses due to interest rate fluctuations and indices that increase their interest expenses on loans and financing. The Company has not entered into any derivative contract to hedge against this risk; however, it continually monitors market interest rates, in order to evaluate the possible need to replace its debt. As of September 30, 2010, the Company had R$2,659,925 in loans and financing which were obtained at variable interest rates (CDI and TJLP).</FONT></P>
<P align=justify></P>
<BR>
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     <TD align=right width="100%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Page: 6<FONT style="FONT-SIZE: 8pt" face="Times New Roman">1</FONT></FONT></B></TD></TR></TABLE></FONT><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt" face="Courier New"><B>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV></B></FONT></FONT></B></DIV>


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<a name="_bclHeader62"></a><DIV><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Another risk faced by the Company is the lack of correlation between the monetary adjustment indices of its debt and those of its receivables. Water supply and sewage treatment tariffs do not necessarily follow the increases in the interest rates affecting the Company&#146;s debt.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(iii) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Credit risk </FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Credit risk is mitigated by selling to a geographically dispersed customer base.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sensitivity analysis</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Following is presented the table demonstrating the sensitivity analysis of the financial instruments that may generate significant impacts to the Company.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Under the terms of CVM instruction nr. 475/08, in order to demonstrate the amounts of the main financial liabilities converted at a projected rate for final settlement of each contract, converted to fair value (Scenario I) with 25% appreciation (Scenario II) and 50% appreciation (Scenario III).</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sep/2010</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial Instruments</FONT></P>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Risk</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scenario I</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scenario II</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$</FONT></P>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid" vAlign=top noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Scenario III</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$</FONT></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial Liability</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Loans and Financings</FONT></B></P>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Banco do Brasil, CEF </FONT></P>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Increase in UPR</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top noWrap width="15%">
<P style="MARGIN: 3pt 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,203,035</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top noWrap width="15%">
<P style="MARGIN: 3pt 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,206,711</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top noWrap width="15%">
<P style="MARGIN: 3pt 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,211,214</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Debentures </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Increase in IGPM</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top noWrap width="15%">
<P style="MARGIN: 3pt 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">431,014</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top noWrap width="15%">
<P style="MARGIN: 3pt 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">538,768</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top noWrap width="15%">
<P style="MARGIN: 3pt 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">646,521</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Debentures </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Increase in IPCA</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top noWrap width="15%">
<P style="MARGIN: 3pt 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">147,298</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top noWrap width="15%">
<P style="MARGIN: 3pt 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">184,123</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top noWrap width="15%">
<P style="MARGIN: 3pt 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">220,947</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">BID and Eurobonds</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Increase in the US$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top noWrap width="15%">
<P style="MARGIN: 3pt 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">863,418</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top noWrap width="15%">
<P style="MARGIN: 3pt 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,079,272</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top noWrap width="15%">
<P style="MARGIN: 3pt 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,295,126</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top noWrap width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">JICA</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Increase in the Yen</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top noWrap width="15%">
<P style="MARGIN: 3pt 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">132,346</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top noWrap width="15%">
<P style="MARGIN: 3pt 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">165,433</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top noWrap width="15%">
<P style="MARGIN: 3pt 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">198,519</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"><BR>
<BR>
</FONT>&nbsp;</P>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD align=right width="100%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Page: 62</FONT></B></TD></TR></TABLE>
<HR align=center width="100%" noShade SIZE=2>
</DIV>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_63"></A>
<a name="_bclPageBorder63"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader63"></a><DIV><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The indexes used for each scenario are based on the number of days to elapse for each contract, the amounts expressed above were summarized.</FONT></FONT></DIV>
<P style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The rates were projected based on the settlement dates of each financial instrument; the information was obtained out of BM&amp;F website.<BR>
</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">These sensitivity analysis have the objective to measure the impact of the changes in the market variables on the Company&#146;s financial instruments. Such amounts, when settled, may present values different from those demonstrated above, due to the estimates used in their preparation process.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT size=2></FONT>&nbsp;</P>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD align=right width="100%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Page: 63</FONT></B></TD></TR></TABLE>
<HR align=center width="100%" noShade SIZE=2>
</DIV>
<DIV></DIV>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_64"></A>
<a name="_bclPageBorder64"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader64"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OPERATING REVENUE</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="45%">
<P style="MARGIN: 0in 0in 0pt 6.8pt; TEXT-INDENT: -6.8pt"><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">3rd Qtr/10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Jan to Sep/10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">3rd Qtr/09</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Jan to Sep/09</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="45%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="45%">
<P style="MARGIN: 0in 0in 0pt 8.1pt; TEXT-INDENT: -8.1pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">S&#227;o Paulo&#146;s Metropolitan Region</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">1,464,278</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">4,300,738</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">1,335,909</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">4,469,216</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="45%">
<P style="MARGIN: 0in 0in 0pt 8.1pt; TEXT-INDENT: -8.1pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">Regional systems (i)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">512,259</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">1,465,860</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">413,167</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">802,879</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="45%">
<P style="MARGIN: 0in 0in 0pt 8.1pt; TEXT-INDENT: -8.1pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">Total</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">1,976,537</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">5,766,598</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">1,749,076</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 2.85pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">5,272,095</FONT></U></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.5in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(i)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Comprises municipalities operating in inland and coastal regions of the State of S&#227;o Paulo.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OPERATING COSTS AND EXPENSES</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0.4pt; WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="52%" colSpan=4>
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: center" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">HOLDING </FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3rd Qtr/10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jan to Sep/10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3rd Qtr/09</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jan to Sep/09</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cost of sales and services </FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Payroll and related charges</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(263,669)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(771,399)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(265,849)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(913,905)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; General supplies</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(33,777)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(94,400)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(35,784)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(100,657)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Treatment supplies</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(31,581)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(98,720)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(33,400)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(105,266)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Outside services</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(136,855)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(438,946)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(138,242)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(447,306)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Electricity </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(131,834)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(390,779)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(121,004)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(358,925)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; General expenses</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(87,068)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(109,433)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(11,606)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(32,899)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Depreciation and amortization</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(138,667)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(423,526)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(156,209)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(468,408)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(823,451)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(2,327,203)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(762,094)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(2,427,366)</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Selling expenses</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Payroll and related charges</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(48,297)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(144,165)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(48,916)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(161,327)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; General supplies</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,623)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(4,612)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,923)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(5,735)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Outside services</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(55,509)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(167,234)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(61,478)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(144,426)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Electricity </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(184)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(586)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(195)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(536)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; General expenses</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(21,235)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(52,428)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(16,297)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(47,189)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Depreciation and amortization</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,322)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(3,789)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,097)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(3,367)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt 6.7pt; TEXT-INDENT: -6.7pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Allowance for doubtful accounts, net of recoveries [Note 4 (c(ii))]</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(88,631)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(257,911)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(71,509)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(234,658)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(216,801)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(630,725)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(201,415)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(597,238)</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Administrative expenses:</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Payroll and related charges</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(36,087)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(114,026)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(39,765)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(128,171)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; General supplies</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(941)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(3,956)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,756)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(4,716)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Outside services</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(28,868)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(104,991)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(36,592)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(102,493)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Electricity </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(243)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(916)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(232)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(730)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; General expenses</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(57,822)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(113,032)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(117,918)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(166,022)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Depreciation and amortization</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(4,460)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(11,942)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(4,173)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(12,879)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Tax expenses</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(11,711)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(50,530)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(9,419)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(43,450)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(140,132)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(399,393)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(209,855)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(458,461)</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Costs, and selling and administrative expenses:</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Payroll and related charges</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(348,053)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,029,590)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(354,530)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,203,403)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; General supplies</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(36,341)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(102,968)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(39,463)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(111,108)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Treatment supplies</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(31,581)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(98,720)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(33,400)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(105,266)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Outside services</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(221,232)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(711,171)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(236,312)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(694,225)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Electricity </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(132,261)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(392,281)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(121,431)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(360,191)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; General expenses</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(166,125)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(274,893)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(145,821)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(246,110)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Depreciation and amortization</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(144,449)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(439,257)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(161,479)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(484,654)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Tax expenses</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(11,711)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(50,530)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(9,419)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(43,450)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt 6.7pt; TEXT-INDENT: -6.7pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Allowance for doubtful accounts, net of recoveries - [Note 4 (c(ii))]</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(88,631)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(257,911)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(71,509)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(234,658)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,180,384)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(3,357,321)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,173,364)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(3,483,065)</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial expenses:</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt 6.7pt; TEXT-INDENT: -6.7pt; TEXT-ALIGN: left" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Interest and charges on loans and financing - local currency</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(124,075)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(348,563)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(98,709)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(296,102)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt 6.7pt; TEXT-INDENT: -6.7pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Interest and charges on loans and financing - foreign currency</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(11,675)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(39,156)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(14,955)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(49,927)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Interest on Shareholders&#146; Equity</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(138,980)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Interest on Shareholders&#146; Equity (reversal)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">138,980</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Other financial expenses</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(66,294)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(134,754)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(23,608)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(69,863)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Income tax on remittance abroad</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(654)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(2,295)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(672)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(2,639)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Monetary variation on loans and financing</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(15,438)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(64,275)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,887</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">854</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Other foreign monetary variations</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(27,850)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(41,753)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(8,260)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(20,134)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Provisions for financial contingencies</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">126,397</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">14,071</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(157,207)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(179,679)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(119,589)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(616,725)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(301,524)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(617,490)</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN-LEFT: 0in; MARGIN-RIGHT: 0in; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial income:</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Monetary variation gains</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">20,090</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">90,954</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11,646</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">42,010</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Income from temporary cash investments</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">43,527</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">89,748</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">15,058</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">62,366</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Interest and others</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">17,171</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">59,268</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">13,898</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">56,562</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">80,788</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">239,970</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">40,602</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">160,938</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 2.75pt 0pt 0in; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 2.75pt 0pt 0in; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 2.75pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 2.75pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial expenses before exchange variations, net</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(38,801)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(376,755)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(260,922)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(456,552)</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 2.75pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 2.75pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 2.75pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 2.75pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN-LEFT: 0in; MARGIN-RIGHT: 0in; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Exchange variations, net</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 2.75pt 0pt 0in; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 2.75pt 0pt 0in; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 2.75pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 2.75pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Exchange variation on loans and financing</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">60,518</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">22,102</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">104,748</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">375,442</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Other foreign exchange variations</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(18)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(178)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(986)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(986)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Exchange gains</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">25</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">154</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">133</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(7,369)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">60,525</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">22,078</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">103,895</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">367,087</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial expenses, net</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">21,724</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(354,677)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(157,027)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(89,465)</FONT></B></P>
</TD></TR></TABLE><BR>
<BR>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD align=right width="100%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Page: 64</FONT></B></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_65"></A>
<a name="_bclPageBorder65"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader65"></a><DIV><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</DIV>
<DIV align=left>
<TABLE style="MARGIN-LEFT: 0.4pt; WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="52%" colSpan=4>
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: center" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CONSOLIDATED </FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3rd Qtr/10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jan to Sep/10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3rd Qtr/09</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jan to Sep/09</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cost of sales and services </FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Payroll and related charges</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(263,669)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(771,399)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(265,849)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(913,905)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; General supplies</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(33,777)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(94,400)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(35,784)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(100,657)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Treatment supplies</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(31,581)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(98,720)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(33,400)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(105,266)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Outside services</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(136,855)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(438,946)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(138,242)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(447,306)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Electricity </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(131,834)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(390,779)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(121,004)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(358,925)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; General expenses</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(87,068)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(109,433)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(11,606)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(32,899)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Depreciation and amortization</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(138,667)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(423,526)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(156,209)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(468,408)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(823,451)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(2,327,203)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(762,094)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(2,427,366)</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Selling expenses</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Payroll and related charges</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(48,297)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(144,165)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(48,916)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(161,327)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; General supplies</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,623)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(4,612)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,923)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(5,735)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Outside services</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(55,509)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(167,234)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(61,478)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(144,426)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Electricity </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(184)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(586)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(195)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(536)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; General expenses</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(21,235)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(52,428)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(16,297)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(47,189)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Depreciation and amortization</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,322)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(3,789)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,097)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(3,367)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt 6.7pt; TEXT-INDENT: -6.7pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Allowance for doubtful accounts, net of recoveries [Note 4 (c(ii))]</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(88,631)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(257,911)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(71,509)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(234,658)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(216,801)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(630,725)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(201,415)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(597,238)</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Administrative expenses:</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Payroll and related charges</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(36,160)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(114,284)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(39,828)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(128,358)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; General supplies</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(943)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(3,962)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,758)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(4,722)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Outside services</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(28,896)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(105,057)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(36,602)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(102,664)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Electricity </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(243)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(917)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(232)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(731)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; General expenses</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(57,835)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(113,079)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(117,929)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(166,040)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Depreciation and amortization</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(4,461)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(11,944)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(4,174)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(12,881)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Tax expenses</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(11,729)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(50,548)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(9,419)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(43,454)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(140,267)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(399,791)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(209,942)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(458,850)</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Costs, and selling and administrative expenses:</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Payroll and related charges</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(348,126)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,029,848)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(354,593)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,203,590)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; General supplies</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(36,343)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(102,974)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(39,465)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(111,114)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Treatment supplies</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(31,581)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(98,720)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(33,400)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(105,266)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Outside services</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(221,260)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(711,237)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(236,322)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(694,396)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Electricity </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(132,261)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(392,282)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(121,431)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(360,192)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; General expenses</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(166,138)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(274,940)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(145,832)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(246,128)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Depreciation and amortization</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(144,450)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(439,259)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(161,480)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(484,656)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Tax expenses</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(11,729)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(50,548)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(9,419)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(43,454)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt 6.7pt; TEXT-INDENT: -6.7pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Allowance for doubtful accounts, net of recoveries - [Note 4 (c(ii))]</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(88,631)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(257,911)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(71,509)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(234,658)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,180,519)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(3,357,719)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,173,451)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(3,483,454)</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial expenses:</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt 6.7pt; TEXT-INDENT: -6.7pt; TEXT-ALIGN: left" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Interest and charges on loans and financing - local currency</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(124,075)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(348,563)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(98,709)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(296,102)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt 6.7pt; TEXT-INDENT: -6.7pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Interest and charges on loans and financing - foreign currency</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(11,675)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(39,156)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(14,955)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(49,927)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Interest on Shareholders&#146; Equity</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(138,980)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Interest on Shareholders&#146; Equity (reversal)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">138,980</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Other financial expenses</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(66,294)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(134,754)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(23,613)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(69,868)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Income tax on remittance abroad</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(654)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(2,295)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(672)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(2,639)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Monetary variation on loans and financing</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(15,438)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(64,275)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1,887</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">854</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Other foreign monetary variations</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(27,850)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(41,753)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(8,260)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(20,134)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Provisions for financial contingencies</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">126,397</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">14,071</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(157,207)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(179,679)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(119,589)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(616,725)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(301,529)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(617,495)</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN-LEFT: 0in; MARGIN-RIGHT: 0in; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial income:</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 4.25pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Monetary variation gains</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">20,090</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">90,954</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11,646</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">42,010</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Income from temporary cash investments</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">43,548</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">89,808</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">15,120</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">62,620</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Interest and others</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">17,171</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">59,268</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">13,898</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">56,562</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">80,809</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">240,030</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">40,664</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">161,192</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial expenses before exchange variations, net</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(38,780)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(376,695)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(260,865)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(456,303)</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 2.75pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 2.75pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 2.75pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 2.75pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN-LEFT: 0in; MARGIN-RIGHT: 0in; TEXT-ALIGN: left" align=left><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Exchange variations, net</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 2.75pt 0pt 0in; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 2.75pt 0pt 0in; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 2.75pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 2.75pt 0pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Exchange variation on loans and financing</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">60,518</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">22,102</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">104,748</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">375,442</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Other foreign exchange variations</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(18)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(178)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(986)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(986)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;&nbsp; Exchange gains</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">25</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">154</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">133</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(7,369)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">60,525</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">22,078</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">103,895</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">367,087</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial expenses, net</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">21,745</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(354,617)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(156,970)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(89,216)</FONT></B></P>
</TD></TR></TABLE><BR>
<BR>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD align=right width="100%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Page: 65</FONT></B></TD></TR></TABLE>
<HR align=center width="100%" noShade SIZE=2>
</DIV></DIV>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_66"></A>
<a name="_bclPageBorder66"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader66"></a><DIV><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</DIV>
<P style="MARGIN: 0in 0in 0pt 35.4pt; TEXT-INDENT: -35.4pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OTHER OPERATING INCOME AND EXPENSES</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 35.4pt; TEXT-INDENT: -35.4pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 35.4pt; TEXT-INDENT: -35.4pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The break-down of &#147;other operating income (expenses), net&#148; is the following:</FONT></P>
<P style="MARGIN: 0in 0in 0pt 35.4pt; TEXT-INDENT: -35.4pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 35.4pt; TEXT-INDENT: -35.4pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="45%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="55%" colSpan=7>
<P style="MARGIN: 0in 2.85pt 0pt 0in" align=center><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">HOLDING AND CONSOLIDATED</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="45%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom align=center width="13%">
<P style="MARGIN: 0in 2.85pt 0pt 0in" align=center><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="1%">
<P style="MARGIN: 0in 2.85pt 0pt 0in" align=center><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 2.85pt 0pt 0in" align=center><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="1%">
<P style="MARGIN: 0in 2.85pt 0pt 0in" align=center><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom align=center width="13%">
<P style="MARGIN: 0in 2.85pt 0pt 0in" align=center><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="1%">
<P style="MARGIN: 0in 2.85pt 0pt 0in" align=center><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 2.85pt 0pt 0in" align=center><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="45%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom align=center width="13%">
<P style="MARGIN: 0in 2.85pt 0pt 0in" align=center><U><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">3rd Qtr/10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="1%">
<P style="MARGIN: 0in 2.85pt 0pt 0in" align=center><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 2.85pt 0pt 0in" align=center><U><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Jan to Sep/10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="1%">
<P style="MARGIN: 0in 2.85pt 0pt 0in" align=center><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom align=center width="13%">
<P style="MARGIN: 0in 2.85pt 0pt 0in" align=center><U><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">3rd Qtr/09</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="1%">
<P style="MARGIN: 0in 2.85pt 0pt 0in" align=center><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 2.85pt 0pt 0in" align=center><U><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman,serif">Jan to Sep/09</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="45%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other operating expenses</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">17,376</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">41,794</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">17,087</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">36,992</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="45%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cofins and Pasep</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,607)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(3,866)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1,581)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(3,422)</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="45%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">15,769</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">37,928</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">15,506</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">33,570</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="45%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other operating expenses</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(5,120)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(32,757)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(8,487)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(18,736)</FONT></U></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="45%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 35.4pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 35.4pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 35.4pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 35.4pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="45%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">other operating income (expenses), net</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">10,649</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">5,171</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">7,019</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">14,834</FONT></U></P>
</TD></TR></TABLE><BR>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
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     <TD align=right width="100%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Page: 66</FONT></B></TD></TR></TABLE>
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<a name="_bclHeader67"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-line-height-rule: exactly">&nbsp;</P>
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 1pt; BORDER-BOTTOM: medium none; mso-border-top-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 0in 0in 0in; mso-border-between: .5pt solid windowtext; mso-padding-between: 1.0pt; mso-padding-top-alt: 1.0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></P>
</DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other operating revenues include sales of fixed assets, sales of public notices, scraps, indemnifications and expense reimbursements, fines and pledges, lease of real estate, water of reuse, Pura&#180;s projects and services, Aqualog and other technical services.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The other operating expenses comprise: (i) the write-off of items of fixed assets by obsolescence, deactivated works, unproductive wells, economically unfeasible projects and loss with fixed assets and (ii) provision referring to the actuarial obligation of State Law 4819/58 (note 5).</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">21.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AGREEMENT WITH THE MUNICIPALITY OF S&#195;O PAULO</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">On November 14, 2007, the Company and the Municipality of Paulo (the Parties) entered into an Agreement to establish the conditions that ensure the stability in the providing of water supply and sewage, and environmental utility services in the city of S&#227;o Paulo, the main provisions of which are as follows:</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">1. The Parties made the commitment to take basic sanitation and environmental actions, complementary to the actions of the Municipality of S&#227;o Paulo, by investing in the deployment and continuity of programs such as: &#147;Programa C&#243;rrego Limpo&#148; (Clean River Program) and &#147;Programa de Uso Racional da &#193;gua - PURA&#148; (Rational Water Use Program), the purpose of which is to ensure a decrease in water consumption by City government units, ensuring water supply to and the quality of living of the population; </FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">2. Starting November 14, 2007, Agreement date, all the amounts paid by the Municipality of S&#227;o Paulo to SABESP, referring to consumption by City departments, agencies, and foundations, net of taxes, will be used in basic sanitation and environmental actions in the Municipality;</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">3. The Municipality made the commitment to resume the payment of consumption bills issued by SABESP, starting November 14, 2007, the date of this Agreement&#146;s execution;</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">On June 23, 2010 the State of Sao Paulo, through its Governor, the Municipality of Sao Paulo and the Regulating Agency of Sanitation and Energy &#150; ARSESP entered into the Agreement provided in the initial instrument, signed in November 14, 2007. </FONT></P>
<P style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Agreement, signed in June 23, 2010 has as object to share the responsibility for offering the service of water supply and sanitation sewage in the capital, in the next 30 years, extendable for equal period. Additionally, it attributes to Sabesp exclusivity in the provision of services and defines ARSESP as responsible for the regulating functions, including tariff, control and inspection of services.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Also on June 23, 2010 it was signed the &#147;Agreement of Provision of Public Services of Water Supply and Sanitation Sewage&#148;. The Agreement was entered into between the State of Sao Paulo, the Municipality of Sao <BR>
<BR>
</FONT></P>
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     <TD align=right width="100%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Page: 67</FONT></B></TD></TR></TABLE>
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<A name="page_68"></A>
<a name="_bclPageBorder68"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader68"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-line-height-rule: exactly">&nbsp;</P>
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 1pt; BORDER-BOTTOM: medium none; mso-border-top-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 0in 0in 0in; mso-border-between: .5pt solid windowtext; mso-padding-between: 1.0pt; mso-padding-top-alt: 1.0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></P>
</DIV>
<P style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify">

<FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Paulo and Sabesp, for the period of 30 years, extendable for equal period, encompassing the following activities: <BR>
</FONT></P>
<OL style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0in" type=i>
<LI style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">the protection of mananciais, in articulation with other bodies of the State and the Municipality;</FONT>
<LI style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">capitation, adduction and treatment of gross water;</FONT>
<LI style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">collection, transportation and final disposal of sanitation sewage; and</FONT>
<LI style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">adoption of other actions of basic and environmental sanitation.</FONT> </LI></OL>
<P style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The municipal law 14934/09 authorized the municipal executive power to execute the abovementioned instruments with the signatories also mentioned above.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">22. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; STATEMENT OF VALUE ADDED - DVA</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The statement of value-added, prepared in accordance with CVM Resolution nr. 557/08 (CPC 09) presents the result of the period under the generation and distribution of wealth point of view, which four mainly beneficiaries of the wealth generation by the activities are: the employees, the government, capital of third parties and the shareholders&#146; capital.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=center>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="8%" rowSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">Explanatory Note</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="28%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">HOLDING</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="22%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">CONSOLIDATED</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">Jan-Sep/10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">Jan-Sep/09</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">Jan-Sep/10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">Jan-Sep/09</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="100%" colSpan=10>
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">1 - Revenues</FONT></B></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">1.1)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">Revenues from Products and Services</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">18</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">5,766,598</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">5,272,095</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">5,766,598</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">5,272,095</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">1.2)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">Other revenues </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">20</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">41,794</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">36,992</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">41,794</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">36,992</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">1.3)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">Revenues related to the construction of own assets</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">204,479</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(22,584)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">204,479</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(22,584)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">1.4)</FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">Allowance for doubtful accounts - set up</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">19</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(257,911)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(234,658)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(257,911)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(234,658)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">5,754,960</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">5,051,845</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">5,754,960</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">5,051,845</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">2 - Inputs acquired from third parties</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt 19.15pt; TEXT-INDENT: -19.15pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">2.1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost of sale and services provided</FONT></P>
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     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(1,099,571)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(1,019,575)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(1,099,572)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(1,019,575)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt 19.15pt; TEXT-INDENT: -19.15pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">2.2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Supplies, electricity and power, third party&#146;s services and others</FONT></P>
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     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(476,338)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(496,062)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(476,434)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(496,240)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt 19.15pt; TEXT-INDENT: -19.15pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">2.3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other operating expenses</FONT></P>
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     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">20</FONT></P>
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     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(32,757)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(18,736)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(32,757)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(18,736)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(1,608,666)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(1,534,373)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(1,608,763)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(1,534,551)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">3 - Gross Value Added (1-2)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">4,146,294</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">3,517,472</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">4,146,197</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">3,517,294</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">4 - Retentions</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt 19.15pt; TEXT-INDENT: -19.15pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">4.1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Depreciation and Amortization</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(440,387)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(486,030)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(440,389)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(486,031)</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">5 - Net value added produced by the Company (3-4)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">3,705,907</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">3,031,442</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">3,705,808</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">3,031,263</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">6 - Value added produced in transfer</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">6.1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity result</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(338)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">(140)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">6.2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial income</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">19</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">240,124</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">153,569</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">240,184</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">153,823</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">239,786</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">153,429</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">240,184</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">153,823</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">7 - Value added to allocate</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">3,945,693</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">3,184,871</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">3,945,992</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">3,185,086</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">8 - Value added allocated</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">8.1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Personnel</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">8.1.1&nbsp; Direct compensation</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">641,752</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">16.3%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">693,206</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">21.8%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">641,959</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">16.3%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">693,349</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">21.8%</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">8.1.2&nbsp;&nbsp; Benefits</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">209,641</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">5.3%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">231,110</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">7.2%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">209,648</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">5.3%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">231,118</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">7.2%</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">8.1.3&nbsp;&nbsp; FGTS</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">67,971</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">1.7%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">177,424</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">5.6%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">67,983</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">1.7%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">177,434</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">5.6%</FONT></U></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">919,364</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">23.3%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">1,101,740</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">34.6%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">919,590</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">23.3%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">1,101,901</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">34.6%</FONT></U></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">8.2)&nbsp;&nbsp;&nbsp;&nbsp; Taxes, fees and contributions</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">8.2.1&nbsp;&nbsp; Federal </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">1,188,673</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">30.2%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">998,515</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">31.3%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">1,188,723</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">30.2%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">998,545</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">31.3%</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">8.2.2&nbsp;&nbsp; State </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">28,063</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">0.7%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">28,004</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">0.9%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">28,063</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">0.7%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">28,004</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">0.9%</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">8.2.3&nbsp;&nbsp; Municipal</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">23,909</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">0.6%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">16,513</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">0.5%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">23,909</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">0.6%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">16,514</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">0.5%</FONT></U></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">1,240,645</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">31.5%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">1,043,032</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">32.7%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">1,240,695</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">31.5%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">1,043,063</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">32.7%</FONT></U></P>
</TD></TR></TABLE><BR>
<BR>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD align=right width="100%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Page: 68</FONT></B></TD></TR></TABLE>
<HR align=center width="100%" noShade SIZE=2>
</DIV></DIV>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_69"></A>
<a name="_bclPageBorder69"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader69"></a><DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; mso-line-height-rule: exactly"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV>
<TABLE style="MARGIN-LEFT: 0pt; WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="8%" rowSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">Explanatory Note</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="28%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">HOLDING</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="22%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">CONSOLIDATED</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">Jan-Sep/10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">Jan-Sep/09</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">Jan-Sep/10</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">Jan-Sep/09</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 7pt; TEXT-DECORATION: none" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">8.3)&nbsp;&nbsp;&nbsp;&nbsp; Remuneration of Third Parties&#146; Capital</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">8.3.1&nbsp;&nbsp; Interests, foreign exchange and monetary variation </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">687,297</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">17.4%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">104,246</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">3.3%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">687,297</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">17.4%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">104,251</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">3.3%</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">8.3.2&nbsp;&nbsp; Lease</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">24,337</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">0.6%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">19,247</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">0.6%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">24,361</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">0.6%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">19,265</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">0.6%</FONT></U></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">711,634</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">18.0%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">123,493</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">3.9%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">711,658</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">18.0%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">123,516</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">3.9%</FONT></U></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">8.4)&nbsp;&nbsp;&nbsp;&nbsp; Compensation of shareholders&#146; equity</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">8.4.1 &nbsp; Interests on shareholders&#146; equity</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">0.0%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">138,980</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">4.4%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">-</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">0.0%</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">138,980</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">4.4%</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">8.4.2 &nbsp; Retained earnings</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">1,074,050</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">27.2%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">777,626</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">24.4%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">1,074,050</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">27.2%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">777,626</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">24.4%</FONT></U></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">1,074,050</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">27.2%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">916,606</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">28.8%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">1,074,050</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">27.2%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">916,606</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">28.8%</FONT></U></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="36%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">Value added allocated</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">3,945,693</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">100.0%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">3,184,871</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">100.0%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">3,945,992</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">100.0%</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">3,185,086</FONT></U></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><U><FONT style="FONT-SIZE: 7pt" face="Times New Roman,serif">100.0%</FONT></U></P>
</TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">23.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SUBSEQUENT EVENTS</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; VERTICAL-ALIGN: baseline; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">- ProBillings</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Loan Agreement Nr. BZ-P17, executed on October 14, 2010 between SABESP &#150; Companhia de Saneamento Basico do Estado de Sao Paulo and JICA &#150; Japan International Cooperation Agency, for financing the Integrated Program of Environmental Improvement in the Area of Manantial of the Billings Reservoir. Investment of &#165; 12,357 billion, </FONT><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face="Times New Roman,serif">approximately R$251,712, </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">being &#165; 6,208 billion of financing, </FONT><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face="Times New Roman,serif">approximately R$126,457</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"> and &#165; 6,149 billion in own resources, </FONT><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face="Times New Roman,serif">approximately R$125,255</FONT><FONT l
ang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">. Total period of 25 years, with 7 years of grace period. Interests: 1.2% per year for civil works and 0.01% per year for consulting.<BR>
<BR>
<BR>
</FONT></P>
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     <TD align=right width="100%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Page: 69</FONT></B></TD></TR></TABLE>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1. Financial Highlights</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>In millions of R$</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Variation</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Variation</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3Q09</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3Q10</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">R$</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">%</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Jan-Sep/09</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Jan- Sep /10</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">R$</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">%</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">(+) Gross operating revenues</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,749.1</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,976.5</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>227.4</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>13.0</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>5,272.1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>5,766.6</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>494.5</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>9.4</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom noWrap width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">(-) COFINS and PASEP</FONT></P>
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     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>120.1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>140.9</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>20.8</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>17.3</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>366.1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>409.2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>43.1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>11.8</FONT></P>
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<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom noWrap width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">(=) Net operating revenues</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,629.0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,835.6</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>206.6</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>12.7</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4,906.0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>5,357.4</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>451.4</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>9.2</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom noWrap width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">(-) Costs and expenses</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,173.4</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,180.4</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>7.0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0.6</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>3,483.1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>3,357.3</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(125.8)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(3.6)</FONT></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">(+) Equity result</FONT></P>
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     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(0.1)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(0.1)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(0.1)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(0.3)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(0.2)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>200.0</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom noWrap width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">(=) Income before financial expenses (EBIT*)</FONT></P>
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     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>455.6</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>655.1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>199.5</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>43.8</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,422.8</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,999.8</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>577.0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>40.6</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom noWrap width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">(+) Depreciation and amortization</FONT></P>
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     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>161.5</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>144.5</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(17.0)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(10.5)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>484.6</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>439.2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(45.4)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(9.4)</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom noWrap width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">(=) EBITDA**</FONT></P>
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     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>617.1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>799.6</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>182.5</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>29.6</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,907.4</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>2.439.0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>531.6</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>27.9</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom noWrap width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">EBITDA Margin %</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>37.9</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>43.6</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>38.9</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>45.5</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext></FONT>&nbsp;</P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Net income </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>195.7</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>449.8</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>254.1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>129.8</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>916.6</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,074.1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>157.5</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>17.2</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Net income per one thousand shares in R$ </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0.86</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1.97</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.02</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>4.71</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext></FONT>&nbsp;</P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(*) Earnings before interest and taxes on income;</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(**) Earnings before interest, taxes, depreciation and amortization;</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">In the 3Q10, the net operating revenue totaled R$1.8 billion, 12.7% growth in relation to 3Q09. Costs and expenses, in the amount of R$1.2 billion suffered a 0.6% in relation to the 3Q09. EBITDA increased from R$617.1 million to R$799.6 million in the 3Q10, with 29.6% increase.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>EBIT presented a 43.8% growth, from R$455.6 million in the 3Q09 to R$655.1 million in the 3Q10</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">2. Gross operating revenue</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">In the 3Q10, the gross operating revenue presented a R$227.4 million increase, or 13.0%, from R$1.7 billion in 3Q09 to R$2.0billion in 3Q10. The main factors responsible for such variance were the tariff adjustment of 4.44% applied in 2009 and 2010 and the growth of volume billed in 5.6% as compared to the same quarter of 2009.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">3. Volume invoiced</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">In the following charts are demonstrated the volumes invoiced of water and sewage, according to the category of use and region, in the 3Q09, 3Q10, and in the first nine months of 2009 and 2010.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">QUARTER</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%" colSpan=10>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">VOLUME INVOICED (1) WATER AND SEWAGE PER CATEGORY OF USE - millions of m<SUP>3</SUP></FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="28%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="24%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Water</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="24%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sewage</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="24%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Water + Sewage</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="28%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">By Category</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3Q09</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3Q10</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Var. %</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3Q09</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3Q10</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Var. %</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3Q09</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3Q10</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Var. %</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Residential</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>338.8</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>357.7</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>5.6</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>274.5</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>291.8</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>6.3</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>613.3</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>649.5</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>5.9</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Commercial</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>38.0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>40.3</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>6.1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>35.3</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>37.6</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>6.5</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>73.3</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>77.9</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>6.3</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="28%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Industrial</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>8.6</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>9.3</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>8.1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>8.7</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>9.3</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>6.9</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>17.3</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>18.6</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>7.5</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="28%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Public</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>11.3</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>12.9</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>14.2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>9.3</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>10.2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>9.7</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>20.6</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>23.1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>12.1</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="28%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total Retail</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>396.7</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>420.2</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>5.9</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>327.8</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>348.9</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>6.4</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>724.5</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>769.1</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>6.2</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="28%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Wholesale</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>71.7</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>73.3</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2.2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>8.1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>6.6</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(18.5)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>79.8</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>79.9</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0.1</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="28%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reuse Water</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>&nbsp;0.1 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0.1 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0.1 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0.1 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>-</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="28%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Grand Total</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>468.5</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>493.6</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>5.4</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>335.9</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>355.5</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>5.8</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>804.4</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>849.1</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>5.6</FONT></B></P>
</TD></TR></TABLE><BR>
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     <TD align=right width="100%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Page: 70</FONT></B></TD></TR></TABLE>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">JANUARY TO SEPTEMBER</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">VOLUME INVOICED (1) WATER AND SEWAGE PER CATEGORY OF USE - millions of m<SUP>3</SUP></FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Water</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sewage</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Water + Sewage</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">By Category</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jan-Sep/09</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jan-Sep/10</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Var. %</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jan-Sep/09</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jan-Sep/10</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Var. %</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jan-Sep/09</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jan-Sep/10</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Var. %</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Residential</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,035.2</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,079.1</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>4.2</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>834.6</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>876.0</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>5.0</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,869.8</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,955.1</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>4.6</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Commercial</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>115.4</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>120.9</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>4.8</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>106.5</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>112.3</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>5.4</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>221.9</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>233.2</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>5.1</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Industrial</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>25.5</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>27.6</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>8.2</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>25.5</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>27.9</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>9.4</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>51.0</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>55.5</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>8.8</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Public</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>34.6</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>37.3</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>7.8</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>28.4</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>29.9</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>5.3</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>63.0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>67.2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>6.7</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total Retail</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,210.7</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,264.9</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>4.5</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>995.0</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,046.1</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>5.1</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,205.7</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,311.0</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>4.8</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Wholesale</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>215.2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>219.2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1.9</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>22.4</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>21.9</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(2.2)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>237.6</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>241.1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1.5</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="20%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reuse Water</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0.2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0.2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0.2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0.2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>-</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="20%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Grand Total</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,426.1</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,484.3</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>4.1</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,017.4</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,068.0</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>5.0</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,443.5</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,552.3</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>4.5</FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">QUARTER</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%" colSpan=10>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">VOLUME INVOICED (1) WATER AND SEWAGE PER REGION - millions of m<SUP>3</SUP></FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="19%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="27%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Water</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="27%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sewage</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="27%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Water + Sewage</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="19%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Per Region </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3Q09</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3Q10</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Var. %</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3Q09</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3Q10</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Var. %</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3Q09</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3Q10</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Var. %</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="19%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Metropolitan </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>266.2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>278.7</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>4.7</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>224.4</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>236.2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>5.3</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>490.6</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>514.9</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>5.0</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="19%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Regional (2) </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>130.5</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>141.5</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>8.4</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>103.4</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>112.7</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>9.0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>233.9</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>254.2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>8.7</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="19%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total retail </FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>396.7</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>420.2</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>5.9</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>327.8</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>348.9</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>6.4</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>724.5</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>769.1</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>6.2</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="19%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Bulk </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>71.7</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>73.3</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2.2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>8.1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>6.6</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(18.5)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>79.8</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>79.9</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0.1</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="19%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reuse Water</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>&nbsp;0.1 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0.1 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0.1 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0.1 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>-</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="19%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Grand Total</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>468.5</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>493.6</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>5.4</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>335.9</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>355.5</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>5.8</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>804.4</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>849.1</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>5.6</FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">JANUARY TO SEPTEMBER</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%" colSpan=10>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">VOLUME INVOICED (1) WATER AND SEWAGE PER REGION - millions of m<SUP>3</SUP></FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="19%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="27%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Water</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="27%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sewage</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="27%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Water + Sewage</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="19%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Per Region </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jan-Sep/09</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jan-Sep/10</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Var. %</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jan-Sep/09</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jan-Sep/10</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Var. %</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jan-Sep/09</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Jan-Sep/10</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Var. %</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="19%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Metropolitan </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>805.5</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>834.8</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>3.6</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>676.1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>706.1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>4.4</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,481.6</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,540.9</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>4.0</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="19%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Regional (2) </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>405.2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>430.1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>6.1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>318.9</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>340.0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>6.6</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>724.1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>770.1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>6.4</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="19%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total retail </FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,210.7</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,264.9</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>4.5</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>995.0</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,046.1</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>5.1</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,205.7</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,311.0</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>4.8</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="19%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Bulk </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>215.2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>219.2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1.9</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>22.4</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>21.9</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>(2.2)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>237.6</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>241.1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1.5</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="19%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reuse Water</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0.2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0.2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>-</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0.2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>0.2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>-</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="19%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Grand Total</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,426.1</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,484.3</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>4.1</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,017.4</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1,068.0</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>5.0</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,443.5</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2,552.3</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 1.4pt; PADDING-LEFT: 1.4pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>4.5</FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1) Not audited</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(2) Comprised by the coastal region and country side<BR>
<BR>
</FONT></P>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
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     <TD align=right width="100%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Page: 71</FONT></B></TD></TR></TABLE>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_72"></A>
<a name="_bclPageBorder72"></a><DIV style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%; WIDTH: 100%">
<a name="_bclHeader72"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif"></FONT></B>&nbsp;</DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">4. Costs, selling and administrative expenses</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">In the 3Q10, the costs of products and services provided, administrative and commercial expenses, had an increase of 0.6%, corresponding to R$7.0 million. The participation of the costs and expenses in the net revenue decreased from 72.0% in the 3to 64.3% in the 3Q10.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">In millions of R$</FONT></P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top noWrap width="16%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Variation</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="16%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Variation</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3Q09</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">3Q10</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">R$</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">%</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Jan-Sep/09</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Jan- Sep /10</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">R$</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">%</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Payroll and related charges</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>354.6</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>348.1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(6.5)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(1.8)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,203.4</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,209.6</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(173.8)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(14.4)</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">General supplies</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>39.5</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>36.3</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(3.2)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(8.1)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>111.1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>103.0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(8.1)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(7.3)</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Treatment supplies</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>33.4</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>31.6</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(1.8)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(5.4)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>105.3</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>98.7</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(6.6)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(6.3)</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Outside services</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>236.3</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>221.2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(15.1)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(6.4)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>694.2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>711.2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>17.0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>2.4</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Electricity</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>121.4</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>132.3</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>10.9</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>9.0</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>360.2</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>392.3</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>32.1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>8.9</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">General expenses</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>145.8</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>166.1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>20.3</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>13.9</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>246.1</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>274.9</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>28.8</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>11.7</FONT></P>
</TD></TR>
<TR style="page-break-inside: avoid">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="36%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Tax expenses</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>9.4</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>11.7</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>2.3</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>24.5</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>43.5</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>50.5</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>7.0</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>16.1</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Subtotal</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>940.4</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>947.3</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>6.9</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0.7</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>2,763.8</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>2,660.2</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(103.6)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(3.7)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Depreciation and amortization</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>161.5</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>144.5</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(17.0)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(10.5)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>484.6</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>439.2</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(45.4)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(9.4)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Credits write-off</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>71.5</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>88.6</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>17.1</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>23.9</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>234.7</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>257.9</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>23.2</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>9.9</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Costs, and administrative and selling expenses</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,173.4</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>1,180.4</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>7.0</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>0.6</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>3,483.1</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>3,357.3</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(125.8)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>(3.6)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Percentage of Net Revenue (%)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>72.0</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>64.3</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top noWrap width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>71.0</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext>62.7</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 2.85pt; PADDING-LEFT: 2.85pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif" color=windowtext></FONT>&nbsp;</P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">4.1. Salaries and payroll charges</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">In the 3Q10 occurred an increase of R$6.5 million or 1.8% in salaries and payroll charges, going from R$354.6 million to R$348.1 million as a result of the following factors:</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT style="text-shadow: auto" face=Symbol><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Adjustment of actuarial calculation referring to the migration of approximately three thousand employees from the Defined Benefit Plan to Sabesprev-Mais Plan in September, 2010 in the amount of R$12.4 million.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Adjustment in the provision of Profit Sharing &#150; PLR in the amount of R$15.8 million, as a consequence of the reversal of the amounts accrued in 2009; and</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="text-shadow: auto"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Reduction in salaries and payroll charges in the amount of R$4.3 million, resulting from layoffs occurred in function of the Term of Adjustment of Conduct (&#147;TAC&#148;) + 2% of the headcount, even considering the 5.05% adjustment since May, 2010.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="text-shadow: auto"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">This reduction was partially offset by the following factors:</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="text-shadow: auto"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Company&#146;s matching referring to the deficit of the employees that migrated to the Sabesprev-Mais Plan in the amount of R$17.1 million and</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="text-shadow: auto"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Adjustment to the provision in the amount of R$10.0 million, for payment of severance packages of employees that required retirement in the 3Q10.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">4.2. General Supplies</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">In the 3Q10 there was a decrease of R$3.2 million, or 8.1%, when compared to the same period previous year, <BR>
<BR>
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<FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">from R$39.5 million to R$36.3 million. The main factors that caused this variance were of lower expenses with maintenance materials in the adductor systems, water and sewage treatment stations and elevation stations in the Metropolitan Region of Sao Paulo &#150; RMSP, in the amount of R$2.4 million</FONT></DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">4.3. Treatment Materials</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="text-shadow: auto"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The expenditures in 3Q10 were lower than 3Q09 by R$1.8 million, or 5.4%, going from R$33.4 million to R$31.6 million. This variance is related to the following factors:</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Decrease of R$3.2 million in function of lower consumption of aluminum poly-chloride by approximately 41% and replacement of aluminum sulfide. Despite the consumption of aluminum sulfide has grown approximately 30%, the average cost of the product dropped 25%, which contributed significantly in the reduction of the expenditures for the period; and</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Increase of R$1.5 million in the consumption of some products such as: i) soda, in function of price adjustment, climate and reservoir conditions; ii) poly-electrolytes, in function of the entrance into operation of the centrifuges of the Barueri system.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="text-shadow: auto"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">4.4. Services</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="text-shadow: auto"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">In the 3Q10, this item presented a decrease of R$15.1 million, or 6.4%, from R$236.3 million to R$221.2 million. The main factors that contributed to this variance were:</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 6pt 0in 6pt 18.15pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Agreement with Sao Paulo City Hall:</FONT></P>
<P style="MARGIN: 6pt 0in 6pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Wingdings>&#252;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal" face="Times New Roman">&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Decrease of R$9.4 million in the provision made in the 3Q09, referring to the actions in place; and</FONT></P>
<P style="MARGIN: 6pt 0in 6pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Wingdings>&#252;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal" face="Times New Roman">&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Decrease of R$7.6 million, as a consequence of lower realization in the implementation of the Water Rational Use Program &#150; PURA, in municipal schools, non recurring.</FONT></P>
<P style="MARGIN: 6pt 0in 6pt 18.15pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Reduction in the amount of R$6.7 million in expenses from January to September, 2010 as expected for the second year of the contract of Public Private Partnership &#150; &#147;PPP&#148;) of the Alto Tiete Producing System;</FONT></P>
<P style="MARGIN: 6pt 0in 6pt 18.15pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Reduction, in the amount of R$5.0 million, related to the purchase of treated water, in function of the termination, in March, 2010, of the contract with Aguas de Cajamar S/A; and</FONT></P>
<P style="MARGIN: 6pt 0in 6pt 0.25in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Decrease with preventive and corrective maintenance in the water and sewage treatment systems in the amount of R$2.3 million, resulting from the implementation of structural works performed at Parque da Integra&#231;&#227;o in the 3Q09.</FONT></P>
<P style="MARGIN: 6pt 0in 0pt 0.15pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">The following services presented increase:</FONT></P>
<P style="MARGIN: 6pt 0in 6pt 18.15pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Pavmenting ,and paving repair services worth R$ 10,3 million, in order to fulfil commitments with municipal prefects of the Regional Systems Directorate</FONT></P>
<P style="MARGIN: 6pt 0in 6pt 18.15pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Maintenance of networks and water and sewage connections in the amount of R$3.7 million resulting from:</FONT></P>
<P style="MARGIN: 6pt 0in 6pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Wingdings>&#252;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal" face="Times New Roman">&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Increase in demand and contractual amounts based on the Global Sourcing in the municipalities of the Regional Systems and optimization of the sanitation sewage systems of Santos Lowlands; and<BR>
<BR>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 6pt 0in 6pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Wingdings>&#252;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal" face="Times New Roman">&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Enhancement of the actions to meet the demands of the Corrego Limpo Program with Sao Paulo City Hall &#150; PMSP and increase in the realization of maintenance services in the RMSP.</FONT></P>
<P style="MARGIN: 6pt 0in 6pt 18.15pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Expenses with mud transportation in the amount of R$1.2 million.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="text-shadow: auto"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">4.5&nbsp; Electric Energy</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="text-shadow: auto"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.15pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">In the 3Q10, this item presented increase of R$10.9 million or 9.0%, from R$121.4 million to R$132.3 million.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.15pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.15pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">This result is associated to the following factors:</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.15pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Tariff adjustment with impact to the average price of 2.5% in the tariff of the captive market, which represents 82% of the installed capacity with electric energy, influencing in the weighted average tariff increase between the captive market and the free market around 3.3%; and</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Increase in cost between the markets with weighted average of 8.0%.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Participation(%)</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Cost Variance (%)</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Weighted Average (%)</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Free Market</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">18.0</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">10.8</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.9</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Captive Market</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">82.0</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">7.4</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">6.1</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Weighted Average</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8.0</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 6pt 0in 0pt 0.5in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">4.6. General Expenses</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="text-shadow: auto"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">In the 3Q10 there was an increase of R$20.3 million or 13.9%, from R$145.8 million to R$166.1 million. The factor that has contributed the most to this increase was the provision in the amount of R$80 million provided in the contract with the Municipality of Sao Paulo, which payment shall occur in November, 2010. This amount corresponds to 7.5% of the Capital&#146;s gross revenues, after deducting the contributions to the Cofins and Pasep. This first payment was calculated as from the data of execution of the contract, occurred in June 23, 2010, therefore, in addition to the revenue of the quarter, the calculation basis considers, in a proportional way, some days of the month of June. This increase was partially offset in function of the lower need to accrue for judicial contingencies in comparison to 2009, in the amount of R$66.2 million.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="text-shadow: auto"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">4.7. Depreciation and Amortization</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="text-shadow: auto"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">This item presented a decrease of R$17.0 million or 10.5%, from R$161.5 million to R$144.5 million. This variation was due to the increase in the estimate of useful life of the assets from December, 2009.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="text-shadow: auto"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">4.8. Credit Write-offs</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="text-shadow: auto"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">In the 3Q10, the write-off of credit increased by R$17.1 million or 23.9%, varying from R$71.5 million to R$88.6 million. Such variance was partially made up by the need to complement the provision on invoicing private customers and municipal public entities.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>The increase was offset by higher recovery of credits through agreements of payment in installments, with highlight to agreements executed with the Municipality of Taubate and the Municipality of Ferraz de Vanconcelos.<BR>
<BR>
</FONT></P>
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<a name="_bclHeader75"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT></B>&nbsp;</DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">5. Other operating income and expenses</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">5.1. Other operating income</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="text-shadow: auto"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>This item presented a decrease of R$3.4 million or 39.7% mainly due to the write-off of unfeasible projects and work in progress, in the amount of R$2.6 million.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">6. Financial Income and Expenses</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$ million</FONT></B></P>
<DIV align=left>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none" cellSpacing=0 cellPadding=0 border=0>
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     <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3Q09</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3Q10</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Variation</FONT></P>
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     <TD style="PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top align=center width="13%">
<P style="MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">%</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial expenses </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Interest and charges on domestic loans and financing </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">98.7</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">124.1</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">25.4</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">25.7</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Interest and charges on foreign loans and financing </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">15.0</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11.7</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(3.3)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(22.0)</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Interest on court-ordered indemnities, net of provisions </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">173.9</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(66.9)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(240.8)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(138.5)</FONT></P>
</TD></TR>
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     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other financial expenses </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">7.6</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">7.4</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(0.2)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(2.6)</FONT></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total financial expenses </FONT></B></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">295.2</FONT></B></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">76.3</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(218.9)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(74.2)</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="48%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial income </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">29.0</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">60.7</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">31.7</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">109.3</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="48%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Financial expenses, net of income </FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">266.2</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">15.6</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(250.6)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(94.1)</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: none" face="Times New Roman,serif">6.1. Financial expenses</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>In the 3Q10 there was an increase of R$218.9 million, or 74.2%, described as follows:</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-TRANSFORM: none" face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 6pt 0in 6pt 18.15pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Reduction in the amount of financial expenses related to judicial proceedings in the amount of R$240.8 million.</FONT></P>
<P style="MARGIN: 6pt 0in 6pt 18.15pt; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">The interests on internal loans and financings presented an increase of R$25.4 million, due to new funding such as: (i) the 10<SUP>th</SUP> issuance of debentures occurred in November, 2009, (ii) 11<SUP>th</SUP> issuance of debentures occurred in March, 2010, (iii) 12<SUP>th</SUP> issuance of debentures occurred in June, 2010, (iv) 5<SUP>th</SUP> issuance of promissory notes occurred in August, 2010 and (v) to the disbursements with loan agreements already executed.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">6.2. Financial income</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>The financial income presented an increase of R$31.7 million, resulting from higher volume of financial investments.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">7. Income and expenses with monetary variation</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">R$ million</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3Q09</FONT></P>
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<P style="MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3Q10</FONT></P>
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<P style="MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Variation</FONT></P>
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<P style="MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">%</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Monetary variation on loans and financing </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1.9)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">15.4</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">17.3</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(910.5)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Exchange variation on loans and financing </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(104.7)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(60.5)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">44.2</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(42.2)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Other monetary variations </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">9.2</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">27.9</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">18.7</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">203.3</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Positive monetary variations</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">80.2</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Negative monetary variations</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11.8</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">20.1</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8.3</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">70.3</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Net monetary variations</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">71.9</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">7.1. Expenses with monetary variation</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>The effect of foreign exchange income in the 3Q10 was R$80.2 million higher than the same period of last year. This variance is due to:</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">The foreign exchange on external loans and financings generated a negative impact in the amount of R$44.2 million resulting from the 6.0% appreciation of the North-American dollar in the 3Q10 versus a 8.9% depreciation in the 3Q09. </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Other monetary variances on indemnification of judicial law suits with increase of R$18.7 million; and</FONT></P>
<P style="MARGIN: 0in 0in 0pt 35.4pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: normal" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">Monetary variation on internal loans and financings with increase of R$17.3 million, mainly due to the increase of R$15.4 million caused by the positive variation of the IGPM in 2.08% in the 3Q10 against a negative variation of 0.37% in the same period last year; and increase of R$1.9 million due to the higher variation of the TR in the 3Q10 of 0.28% in comparison to the same period of last year of 0.12%.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 35.4pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">7.2. Income from monetary variance</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="text-shadow: auto"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>The monetary variation income presented an increase of R$8.3 million, mainly in function of agreements of installment payments executed with the Municipalities of Taubate and Ferraz de Vanconcelos.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: normal" face="Times New Roman,serif">8. Operating Indicators</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Operational Indicators</FONT></B></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3Q09</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.15pt" vAlign=top align=center width="15%">
<P style="MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3Q10</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 8.15pt" vAlign=top align=center width="15%">
<P style="MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Variation %</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Water connections (1) </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">7,086</FONT></B></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.9pt" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">7,253</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.9pt" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.4</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Sewage connections (1) </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">5,478</FONT></B></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 10.15pt" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">5,668</FONT></B></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 10.15pt" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3.5</FONT></B></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Population directly served by water supply (2) </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">23.3</FONT></B></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 10.25pt" width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">23.6</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.3</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Population served by sewage collection (2) </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">19.5</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 10.15pt" width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">19.9</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 10.15pt" width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.1</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 9.75pt">
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.75pt" vAlign=top width="55%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Number of employees </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">16,101</FONT></B></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.75pt" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">15,165</FONT></B></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.75pt" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(5.8)</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Water volume produced</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,124.0</FONT></B></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 10.15pt" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2,205.9</FONT></B></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 10.15pt" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3.9</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Water loss (%) </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">26.5</FONT></B></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.25pt" width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">26.0</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1.9)</FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(1) </FONT><FONT lang=PT-BR style="FONT-SIZE: 9.5pt" face="Times New Roman,serif">In 1,000 units</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">(2) In millions of inhabitants.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">&nbsp;(*) unaudited information<BR>
<BR>
</FONT></P>
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<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 1pt; BORDER-BOTTOM: medium none; TEXT-ALIGN: right; mso-border-top-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 0in 0in 0in; mso-border-between: .5pt solid windowtext; mso-padding-between: 1.0pt; mso-padding-top-alt: 1.0pt" align=right><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman; mso-bidi-font-size: 10.0pt; mso-ansi-language: PT-BR" face="Courier New"><B><FONT lang=PT-BR style="FONT-SIZE: 8pt" face="Courier New"></FONT></B></FONT></FONT></B>&nbsp;</P>
<DIV style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN-LEFT: 0in; BORDER-LEFT: medium none; MARGIN-RIGHT: 0pt; PADDING-TOP: 1pt; BORDER-BOTTOM: medium none; mso-border-top-alt: solid windowtext .5pt">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 0.5pt solid; mso-border-top-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 0in 0in 0in; mso-border-between: .5pt solid windowtext; mso-border-bottom-alt: 0in none windowtext; mso-padding-between: 1.0pt; mso-padding-bottom-alt: 0in"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">12.01 - COMMENTS ON THE COMPANY&#146;S CONSOLIDATED PERFORMANCE IN THE QUARTER</FONT></B></FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">See comments on the Company&#146;s performance.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 8.5pt" face="Times New Roman,serif">14.01 - CHARACTERISTICS of the PUBLIC OR PRIVATE ISSUE OF DEBENTURES</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"> </FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1- ITEM</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">02</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2 - ORDER No.</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">8</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">3 - REGISTRATION N&#186;. AT CVM</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">CVM/SRE/DEB/2005/033</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">4 - REGISTRATION DATE AT CVM</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">06/22/2005</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">5 - SERIES ISSUED</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">6 - TYPE OF ISSUE</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">SIMPLE</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">7 - ISSUED NATURE</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">PUBLIC</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">8 - ISSUE DATE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">06/01/2005</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">9 - MATURITY DATE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">06/01/2011</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10 - TYPE OF DEBENTURE</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">WITHOUT PREFERENCE</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">11 - EFFECTIVE YIELD CONDITION</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">IGPM + 10.75%</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">12 - PREMIUM/DISCOUNT</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">13 - NOMINAL AMOUNT&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Reais)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1,334.50</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">14 - AMOUNT ISSUED&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Million Reais)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">467,075</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">15 - NO. OF SECURITIES ISSUED&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">350,000</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">16 - OUTSTANDING SECURITIES&nbsp;&nbsp; (UNIT)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">350,000</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">17 - TREASURY SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">18 - REDEEMED SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">19 - CONVERTED SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">20 - SECURITIES TO BE PLACED&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">21 - LAST RENEGOTIATION DATE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">22 - DATE OF NEXT EVENT</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">06/01/2011</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"><BR>
<BR>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8.5pt" face="Times New Roman,serif">14.01 - CHARACTERISTICS of the PUBLIC OR PRIVATE ISSUE OF DEBENTURES</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none" cellSpacing=0 cellPadding=0 border=0>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1- ITEM</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">03</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2 - ORDER No.</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">9</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">3 - REGISTRATION N&#186;. AT CVM</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">CVM/SRE/DEB/2008/029</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">4 - REGISTRATION DATE AT CVM</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10/23/2008</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">5 - SERIES ISSUED</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">6 - TYPE OF ISSUE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">SIMPLE</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">7 - ISSUED NATURE</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">PUBLIC</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">8 - ISSUE DATE</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10/15/2008</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">9 - MATURITY DATE</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10/15/2013</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10 - TYPE OF DEBENTURE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">WITHOUT PREFERENCE</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">11 - EFFECTIVE YIELD CONDITION</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">DI + 2.75%</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">12 - PREMIUM/DISCOUNT</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">13 - NOMINAL AMOUNT&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Reais)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1,058.65</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">14 - AMOUNT ISSUED&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Million Reais)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">105,865</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">15 - NO. OF SECURITIES ISSUED&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">100,000</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">16 - OUTSTANDING SECURITIES&nbsp;&nbsp; (UNIT)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">100,000</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">17 - TREASURY SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">18 - REDEEMED SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">19 - CONVERTED SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">20 - SECURITIES TO BE PLACED&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">21 - LAST RENEGOTIATION DATE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">22 - DATE OF NEXT EVENT</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10/15/2010</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"><BR>
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<a name="_bclHeader80"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 8.5pt" face="Times New Roman,serif">14.01 - CHARACTERISTICS of the PUBLIC OR PRIVATE ISSUE OF DEBENTURES</FONT></B></DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none" cellSpacing=0 cellPadding=0 border=0>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1- ITEM</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">04</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2 - ORDER No.</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">9</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">3 - REGISTRATION N&#186;. AT CVM</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">CVM/SRE/DEB/2008/030</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">4 - REGISTRATION DATE AT CVM</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10/23/2008</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">5 - SERIES ISSUED</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">6 - TYPE OF ISSUE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">SIMPLE</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">7 - ISSUED NATURE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">PUBLIC</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">8 - ISSUE DATE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10/15/2008</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">9 - MATURITY DATE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10/15/2015</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10 - TYPE OF DEBENTURE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">WITHOUT PREFERENCE</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">11 - EFFECTIVE YIELD CONDITION</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">IPCA + 12.87%</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">12 - PREMIUM/DISCOUNT</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">13 - NOMINAL AMOUNT&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Reais)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1,221.38</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">14 - AMOUNT ISSUED&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Million Reais)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">146,565</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">15 - NO. OF SECURITIES ISSUED&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">120,000</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">16 - OUTSTANDING SECURITIES&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">120,000</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">17 - TREASURY SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">18 - REDEEMED SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">19 - CONVERTED SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">20 - SECURITIES TO BE PLACED&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">21 - LAST RENEGOTIATION DATE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">22 - DATE OF NEXT EVENT</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10/15/2010</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 8.5pt" face="Times New Roman,serif">14.01 - CHARACTERISTICS of the PUBLIC OR PRIVATE ISSUE OF DEBENTURES</FONT></B></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1- ITEM</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">05</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2 - ORDER No.</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">3 - REGISTRATION N&#186;. AT CVM</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">PRIVATE ISSUANCE</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">4 - REGISTRATION DATE AT CVM</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">5 - SERIES ISSUED</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">6 - TYPE OF ISSUE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">SIMPLE</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">7 - ISSUED NATURE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">PRIVATE</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">8 - ISSUE DATE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">11/15/2009</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">9 - MATURITY DATE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">11/15/2020</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10 - TYPE OF DEBENTURE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">REAL</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">11 - EFFECTIVE YIELD CONDITION</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">TJLP + 1.92%</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">12 - PREMIUM/DISCOUNT</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">13 - NOMINAL AMOUNT&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Reais)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2,780,061.17</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">14 - AMOUNT ISSUED&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Million Reais)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">77,841</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">15 - NO. OF SECURITIES ISSUED&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">28</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">16 - OUTSTANDING SECURITIES&nbsp;&nbsp; (UNIT)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">28</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">17 - TREASURY SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">18 - REDEEMED SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">19 - CONVERTED SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">20 - SECURITIES TO BE PLACED&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">21 - LAST RENEGOTIATION DATE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">22 - DATE OF NEXT EVENT</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">11/15/2010</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 8.5pt" face="Times New Roman,serif">14.01 - CHARACTERISTICS of the PUBLIC OR PRIVATE ISSUE OF DEBENTURES</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none" cellSpacing=0 cellPadding=0 border=0>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1- ITEM</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">06</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2 - ORDER No.</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">3 - REGISTRATION N&#186;. AT CVM</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">PRIVATE ISSUANCE</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">4 - REGISTRATION DATE AT CVM</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">5 - SERIES ISSUED</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">6 - TYPE OF ISSUE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">SIMPLE</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">7 - ISSUED NATURE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">PRIVATE</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">8 - ISSUE DATE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">11/15/2009</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">9 - MATURITY DATE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">12/15/2020</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10 - TYPE OF DEBENTURE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">REAL</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">11 - EFFECTIVE YIELD CONDITION</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">IPCA + 9.53%</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">12 - PREMIUM/DISCOUNT</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">13 - NOMINAL AMOUNT&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Reais)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2,910,676.91</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">14 - AMOUNT ISSUED&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Million Reais)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">87,320</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">15 - NO. OF SECURITIES ISSUED&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">30</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">16 - OUTSTANDING SECURITIES&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">30</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">17 - TREASURY SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">18 - REDEEMED SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">19 - CONVERTED SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">20 - SECURITIES TO BE PLACED&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">21 - LAST RENEGOTIATION DATE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">22 - DATE OF NEXT EVENT</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">11/15/2010</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 8.5pt" face="Times New Roman,serif">14.01 - CHARACTERISTICS of the PUBLIC OR PRIVATE ISSUE OF DEBENTURES</FONT></B></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1- ITEM</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">07</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2 - ORDER No.</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">3 - REGISTRATION N&#186;. AT CVM</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">PRIVATE ISSUANCE</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">4 - REGISTRATION DATE AT CVM</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">5 - SERIES ISSUED</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">3</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">6 - TYPE OF ISSUE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">SIMPLE</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">7 - ISSUED NATURE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">PRIVATE</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">8 - ISSUE DATE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">11/15/2009</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">9 - MATURITY DATE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">11/15/2020</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10 - TYPE OF DEBENTURE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">REAL</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">11 - EFFECTIVE YIELD CONDITION</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">TJLP + 1.92%</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">12 - PREMIUM/DISCOUNT</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">13 - NOMINAL AMOUNT&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Reais)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2,780,061.17</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">14 - AMOUNT ISSUED&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Million Reais)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">116,762</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">15 - NO. OF SECURITIES ISSUED&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">42</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">16 - OUTSTANDING SECURITIES&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">42</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">17 - TREASURY SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">18 - REDEEMED SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">19 - CONVERTED SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">20 - SECURITIES TO BE PLACED&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">21 - LAST RENEGOTIATION DATE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">22 - DATE OF NEXT EVENT</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">11/15/2010</FONT></P>
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<a name="_bclHeader84"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 8.5pt" face="Times New Roman,serif">14.01 - CHARACTERISTICS of the PUBLIC OR PRIVATE ISSUE OF DEBENTURES</FONT></B></DIV>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1- ITEM</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">08</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2 - ORDER No.</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">11</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">3 - REGISTRATION N&#186;. AT CVM</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">CVM/SER/DEB/2010/015</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">4 - REGISTRATION DATE AT CVM</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">04/21/2010</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">5 - SERIES ISSUED</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">6 - TYPE OF ISSUE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">SIMPLE</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">7 - ISSUED NATURE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">PRIVATE</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">8 - ISSUE DATE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">03/01/2010</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">9 - MATURITY DATE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">03/01/2015</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10 - TYPE OF DEBENTURE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">WITHOUT PREFERENCE</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">11 - EFFECTIVE YIELD CONDITION</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">DI+1.95%</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">12 - PREMIUM/DISCOUNT</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">13 - NOMINAL AMOUNT&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Reais)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1,009.58</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">14 - AMOUNT ISSUED&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Million Reais)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">817,759</FONT></P>
</TD></TR>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">15 - NO. OF SECURITIES ISSUED&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">810,000</FONT></P>
</TD></TR>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">16 - OUTSTANDING SECURITIES&nbsp;&nbsp; (UNIT)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">810,000</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">17 - TREASURY SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
</TD></TR>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">18 - REDEEMED SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">19 - CONVERTED SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">20 - SECURITIES TO BE PLACED&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">21 - LAST RENEGOTIATION DATE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">22 - DATE OF NEXT EVENT</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">03/01/2011</FONT></P>
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<a name="_bclHeader85"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 8.5pt" face="Times New Roman,serif">14.01 - CHARACTERISTICS of the PUBLIC OR PRIVATE ISSUE OF DEBENTURES</FONT></B></DIV>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1- ITEM</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">09</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2 - ORDER No.</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">11</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">3 - REGISTRATION N&#186;. AT CVM</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">CVM/SER/DEB/2010/016</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">4 - REGISTRATION DATE AT CVM</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">04/21/2010</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">5 - SERIES ISSUED</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">6 - TYPE OF ISSUE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">SIMPLE</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">7 - ISSUED NATURE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">PRIVATE</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">8 - ISSUE DATE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">03/01/2010</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">9 - MATURITY DATE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">03/01/2013</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10 - TYPE OF DEBENTURE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">WITHOUT PREFERENCE</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">11 - EFFECTIVE YIELD CONDITION</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">DI+1.40%</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">12 - PREMIUM/DISCOUNT</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">13 - NOMINAL AMOUNT&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Reais)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1,009.15</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">14 - AMOUNT ISSUED&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Million Reais)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">408,705</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">15 - NO. OF SECURITIES ISSUED&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">405,000</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">16 - OUTSTANDING SECURITIES&nbsp;&nbsp; (UNIT)</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">405,000</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">17 - TREASURY SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">18 - REDEEMED SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="50%">
<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">19 - CONVERTED SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">20 - SECURITIES TO BE PLACED&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">21 - LAST RENEGOTIATION DATE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">22 - DATE OF NEXT EVENT</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">03/01/2011</FONT></P>
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<a name="_bclHeader86"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 8.5pt" face="Times New Roman,serif">14.01 - CHARACTERISTICS of the PUBLIC OR PRIVATE ISSUE OF DEBENTURES</FONT></B></DIV>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1- ITEM</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">2 - ORDER No.</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">12</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">3 - REGISTRATION N&#186;. AT CVM</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">NO REGISTRATION (CVM Instr. 476/09)</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">4 - REGISTRATION DATE AT CVM</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">06/23/2010</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">5 - SERIES ISSUED</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">UN</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">6 - TYPE OF ISSUE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">SIMPLE</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">7 - ISSUED NATURE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">PRIVATE</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">8 - ISSUE DATE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">06/22/2010</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">9 - MATURITY DATE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">06/01/2025</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10 - TYPE OF DEBENTURE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">WITHOUT PREFERENCE</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">11 - EFFECTIVE YIELD CONDITION</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">TR+9.5%</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">12 - PREMIUM/DISCOUNT</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">13 - NOMINAL AMOUNT&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Reais)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">1,007.90</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">14 - AMOUNT ISSUED&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Million Reais)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">503,950</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">15 - NO. OF SECURITIES ISSUED&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">500,000</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">16 - OUTSTANDING SECURITIES&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">500,000</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">17 - TREASURY SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">18 - REDEEMED SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">19 - CONVERTED SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">20 - SECURITIES TO BE PLACED&nbsp;&nbsp;&nbsp; (UNIT)</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">0</FONT></P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">21 - LAST RENEGOTIATION DATE</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 1pt 0in 8pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">22 - DATE OF NEXT EVENT</FONT></P>
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<P style="MARGIN: 1pt 62.1pt 8pt 0in; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 8pt" face="Times New Roman,serif">10/01/2010</FONT></P>
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     <TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid" width="100%"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"><FONT style="FONT-SIZE: 10pt" face="Times New Roman">20.0</FONT>1 <FONT style="FONT-SIZE: 10pt" face="Times New Roman">-</FONT>&nbsp;OTHER INFORMATION CONSIDERED MATERIAL BY THE COMPANY</FONT></B></TD></TR></TABLE></FONT></B></DIV>
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<a name="_bclHeader87"></a><DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">1.&nbsp;&nbsp; CHANGE IN THE INTEREST HELD BY THE CONTROLLING SHAREHOLDER, DIRECTORS AND OFFICERS</FONT></B></DIV>
<P style="MARGIN: 0in 0in 0in 15pt; TEXT-INDENT: -15pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">CONSOLIDATED SHAREHOLDING POSITION OF CONTROLLING SHAREHOLDER, DIRECTORS AND OFFICERS AND OUTSTANDING SHARES</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Position at September 30, 2010</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Shareholder</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Number of Common Shares</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">(In units)</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">%</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Total Number</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;of Shares</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">(In units)</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">%</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Controlling Shareholder</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">State Finance Department</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">114,508,085</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">50.3%</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">114,508,085</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">50.3%</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Management</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Board of Directors</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">5,210</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">5,210</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Executive Board</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Supervisory Board</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Treasury Shares</FONT></B></P>
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</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1.5pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="52%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1.5pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="52%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Other Shareholders</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1.5pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="52%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1.5pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="52%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Total</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">114,513,295</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">50.3%</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">114,513,295</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1.5pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">50.3%</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="52%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1.5pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt solid" vAlign=top width="52%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Outstanding Shares</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">113,323,328</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">49.7%</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113,323,328</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1.5pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">49.7%</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0in 15pt; TEXT-INDENT: -15pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 15pt; TEXT-INDENT: -15pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<DIV align=center>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1.5pt solid; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1.5pt solid; PADDING-LEFT: 3.5pt; BACKGROUND: silver; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="100%" colSpan=5>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">CONSOLIDATED SHAREHOLDING POSITION OF CONTROLLING SHAREHOLDER, DIRECTORS AND OFFICERS AND OUTSTANDING SHARES</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Position at September 30, 2009</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="52%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Shareholder</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Number de Common Shares</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">(In units)</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">%</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Number Total</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;de A&#231;&#245;es</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">(In units)</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1.5pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">%</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="52%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Controlling Shareholder</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1.5pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="52%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">State Finance Department</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">114,508,085</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">50.3%</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">114,508,085</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1.5pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">50.3%</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="52%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Management</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1.5pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Board of Directors</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">5,2010</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">5,210</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0 </FONT></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Executive Board</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1.5pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Supervisory Board</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Treasury Shares</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1.5pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">&nbsp;&nbsp;&nbsp;&nbsp; - </FONT></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1.5pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Other Shareholders</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1.5pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1.5pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="52%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Total</FONT></B></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">114,513,295</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">50.3%</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">114,513,295</FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1.5pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">50.3%</FONT></B></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="52%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1.5pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
</TD></TR>
<TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">Outstanding Shares</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">113,323,328</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">49.7%</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt solid" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">113,323,328</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1.5pt solid; PADDING-RIGHT: 3.5pt; PADDING-LEFT: 3.5pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt solid" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 9pt" face="Times New Roman,serif">49.7%</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in; TEXT-ALIGN: center" align=center><STRONG><FONT size=2></FONT></STRONG>&nbsp;</P>
<P style="MARGIN: 0in; TEXT-ALIGN: center" align=center>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0in 15pt; TEXT-INDENT: -15pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">2.&nbsp;&nbsp; SHAREHOLDING POSITION</FONT></B></P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">SHAREHOLDING POSITION OF HOLDERS OF MORE THAN 5% OF SHARES OF EACH CATEGORY AND CLASS OF SHARES OF THE COMPANY, UP TO THE LEVEL OF INDIVIDUAL</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Company:</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Position at September 30, 2010 </FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">(In Shares)</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Common Shares</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Total</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Shareholder </FONT></B></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.4pt" width="20%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Number </FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">% </FONT></B></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.4pt" width="20%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Number </FONT></B></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.4pt" width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">% </FONT></B></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">State Finance Department </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.25pt" vAlign=bottom width="20%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">114,508,085</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.25pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">50.3 </FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.25pt" vAlign=bottom width="20%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">114,508,085</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 9.25pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">50.3</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 15pt; TEXT-INDENT: -15pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ARBITRATION COMMITMENT CLAUSE</FONT></B></P>
<P style="MARGIN: 0in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">The Company, its shareholders, Managers and member of the fiscal council undertake to resolve, by arbitration, any and all dispute or controversy that may arise between them, related to or arising from, specially, the application, effectiveness, interpretation, violation and its effects, of the provisions included in Law 6404/76, in its by-laws, in the norms issued by the National Monetary Council, by the Central Bank of Brazil and by the Brazilian Securities and Exchange Commission, as well as in other norms applicable to the operation of the capital markets in general, in addition to those contained in the Listing Regulation of the New Market, the Contract of Participation in the New Market and the Arbitration Regulation of the Arbitration Chamber of the Market, to be conducted with the Arbitration Chamber of the Market organized by BM&amp;BOVESPA in accordance with the Regulation of su
ch Chamber, observed the exception applicable to the unavailable rights.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<DIV style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; BORDER-LEFT: medium none; PADDING-TOP: 1pt; BORDER-BOTTOM: windowtext 1pt solid; mso-border-top-alt: solid windowtext .5pt; mso-border-bottom-alt: solid windowtext .5pt">
<P style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 1pt; BORDER-BOTTOM: medium none; mso-border-top-alt: solid windowtext .5pt; mso-padding-alt: 1.0pt 0in 1.0pt 0in; mso-border-between: .5pt solid windowtext; mso-border-bottom-alt: solid windowtext .5pt; mso-padding-between: 1.0pt; mso-padding-top-alt: 1.0pt"><B><FONT style="mso-bidi-font-weight: normal"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">20.01 - <FONT style="FONT-SIZE: 10pt" face="Times New Roman">REPORT ON THE LIMITED REVIEW - UNQUALIFIED</FONT></FONT></B></FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">Report of the independent auditors&#146; review</FONT></B></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0pt 0pt 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">To the Board of Directors and Stockholders</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">Companhia de Saneamento B&#225;sico do <BR>
Estado de S&#227;o Paulo - SABESP</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-INDENT: 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; We have reviewed the accounting information included in the Quarterly Information (ITR) of Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo &#150; SABESP (&#147;Company&#148;) and subsidiaries (parent company and consolidated), for the quarter ended September 30, 2010, comprising the balance sheets and the statements of income, of changes in stockholders&#146; equity, of cash flows and of value added, explanatory notes and the performance report. This Quarterly Information is the responsibility of the Company&#146;s management.</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-INDENT: 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-INDENT: 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-INDENT: 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Our review was carried out in accordance with specific standards established by the Institute of Independent Auditors of Brazil (IBRACON), in conjunction with the Federal Accounting Council (CFC), and mainly comprised: (a) inquiries of and discussions with management responsible for the accounting, financial and operating areas of the Company with regard to the main criteria adopted for the preparation of the Quarterly Information; and (b) a review of information and of subsequent events which have, or could have, significant effects on the financial position and operations of the Company and its subsidiaries.</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-INDENT: 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Based on our limited review, we are not aware of any material modifications that should be made to the quarterly information referred to above in order that it be stated in accordance with the accounting practices adopted in Brazil applicable to the preparation of the Quarterly Information, consistent with the standards issued by the Brazilian Securities Commission (CVM).</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-INDENT: 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As mentioned in Note 2, the CVM has approved several Pronouncements, Interpretations and Technical Guidance issued by the Brazilian Accounting Pronouncements Committee (CPC) to be effective as from 2010, which altered the accounting practices adopted in Brazil. As permitted by CVM Resolution No. 603/09, the Company&#146;s management has opted to present its Quarterly Information by using the accounting standards adopted in Brazil until December 31, 2009. As required by said Resolution, Note 2 to the Quarterly Information discloses this fact and also provides a description of the main changes that may have an impact on the Company's year-end financial statements, as well as an estimate of their possible effects on stockholders' equity and results of operations.</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-INDENT: 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As mentioned in Note 5, the Company and the Government of the State of S&#227;o Paulo entered into an agreement to settle the so-called &#147;uncontroversial amount&#148;, referring to the reimbursement of payments related to retirement and pension plans paid by the Company, in the name and on account of the Government of the </FONT></P>
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<a name="_bclHeader90"></a><DIV><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">State of S&#227;o Paulo. The recovery of this asset may be influenced by: (a) the resolution of legal uncertainties caused by public action and legislative authorization related to the transfer of reservoirs to the Company, amounting to R$ 696,283 thousand and (b) the financial collection of other amounts, amounting R$ 197,688 thousand.</FONT></DIV>
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<P style="MARGIN: 0in 0pt 0pt 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">S&#227;o Paulo, November 12, 2010</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">PricewaterhouseCoopers</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">Auditores Independentes</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">CRC 2SP000160/O-5</FONT></P>
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0pt 0pt 0in"><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 110%" face="Times New Roman,serif">Valdir Renato Coscodai</FONT></P>
<FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman,serif">Contador CRC 1SP165875/O</FONT><FONT lang=IT style="FONT-SIZE: 10pt" face="Times New Roman,serif">-6</FONT>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif">INDEX</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman,serif"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Group</FONT></P>
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<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Table</FONT></P>
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<P style="MARGIN: 0in 0pt 0pt 0in"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Description</FONT></P>
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<P style="MARGIN: 0in 0pt 0pt 0in; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">Page</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>01 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>01 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">IDENTIFICATION</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>01 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>02 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">REGISTERED OFFICE</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>01 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>03 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">INVESTOR RELATIONS OFFICER (Company&#146;s mailing address)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>01 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>04 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">ITR REFERENCE</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>1 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>01 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>05 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CAPITAL STOCK</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>01 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>06 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">COMPANY&#146;S CHARACTERISTICS</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>01 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>07 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">COMPANIES NOT INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>01 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>08 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">PROCEEDS IN CASH</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>2 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>01 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>09 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">PAID-IN CAPITAL AND CHANGES IN THE CURRENT FISCAL YEAR</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>3 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>01 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>10 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">INVESTOR RELATIONS OFFICER</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>3 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>02 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>01 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">BALANCE SHEETS - ASSETS</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>4 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>02 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>02 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="79%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">BALANCE SHEETS - LIABILITIES</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>6 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>03 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>01 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="79%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">STATEMENT OF INCOME</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>8</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>04 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>01 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="79%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">04 -STATEMENT OF CASH FLOWS </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>10</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>05 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>01 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="79%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">05 -STATEMENT OF CHANGES TO SHAREHOLDERS&#146; EQUITY FROM 07/01/2010 to 09/30/2010</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>12</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>05 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>02 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">05 -STATEMENT OF CHANGES TO SHAREHOLDERS&#146; EQUITY FROM 01/01/2010 to 09/30/2010</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>13</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>08 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>01 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CONSOLIDATED BALANCE SHEETS - ASSETS </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>14</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>08 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>02 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="79%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CONSOLIDATED BALANCE SHEETS - LIABILITIES</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>16</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>09 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>01 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="79%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CONSOLIDATED STATEMENT OF INCOME</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>18</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>10 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>01 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="79%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">10.01 -CONSOLIDATED STATEMENT OF CASH FLOWS </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>20</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>11 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>01 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="79%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11 - STATEMENT OF CONSOLIDATED CHANGES TO SHAREHOLDERS&#146; EQUITY FROM 07/01/2010 to 09/30/2010</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>22</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>11 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>02 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="79%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11 - STATEMENT OF CONSOLIDATED CHANGES TO SHAREHOLDERS&#146; EQUITY FROM 01/01/2010 to 09/30/2010</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>23</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>06 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>01 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">EXPLANATORY NOTES </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>24</FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>07 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>01 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">COMMENTS ON THE COMPANY&#146;S PERFORMANCE IN THE QUARTER </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>71</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; BORDER-LEFT: windowtext 1pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>12 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>01 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">COMMENTS ON THE COMPANY&#146;S CONSOLIDATED PERFORMANCE IN THE QUARTER </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>78</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>14 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>01 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">CHARACTERISTICS OF THE PUBLIC OR PRIVATE ISSUANCE OF DEBENTURES </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>79</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>20 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>01 </FONT></P>
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     <TD style="BORDER-RIGHT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt; PADDING-LEFT: 5.4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid" vAlign=top width="79%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">OTHER INFORMATION THAT THE COMPANY DEEMS RELEVANT </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>88</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>21 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>01 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">REPORT ON THE LIMITED REVIEW </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif" color=windowtext>91</FONT></P>
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     <TD align=right width="100%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt">Page: 91</FONT></B></TD></TR></TABLE>
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<DIV align=center><FONT face="Times New Roman" color=#000000 size=3><B><U>SIGNATURE </U></B></FONT><FONT size=1>&nbsp;</FONT></DIV>
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<DIV align=justify><FONT face="Times New Roman" color=#000000 size=3>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the city S&#227;o Paulo, Brazil. <BR>
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<DIV align=justify><FONT face="Times New Roman" color=#000000 size=3>Date:&nbsp;February 11, 2011</FONT></DIV>
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<DIV align=left><FONT face="Times New Roman" color=#000000 size=3><B>Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo - SABESP </B></FONT></DIV></TD></TR>
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     <TD vAlign=top align=left><FONT face="Times New Roman" color=#000000 size=2>By:</FONT></TD>
     <TD vAlign=bottom align=left>/s/ Rui de Britto &#193;lvares Affonso<BR>
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<DIV align=left><FONT face="Times New Roman" color=#000000 size=2>Name: Rui de Britto &#193;lvares Affonso </FONT></DIV>
<DIV align=left><FONT face="Times New Roman" color=#000000 size=2>Title: Chief Financial Officer and Investor Relations Officer </FONT></DIV></TD>
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<DIV align=center><FONT face="Times New Roman" color=#000000 size=3><B>FORWARD-LOOKING STATEMENTS </B></FONT></DIV>
<P align=justify><FONT face="'Times New Roman, Times, Serif'" size=2>This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends o
r results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. </FONT></P>
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